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Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.. Reaganomics (/ r eɪ ɡ ə ˈ n ɒ m ɪ k s / ⓘ; a portmanteau of Reagan and economics attributed to Paul Harvey), [1] or Reaganism, were the neoliberal [2] [3] [4] economic policies promoted by U.S. President Ronald Reagan during the 1980s.
As a part of the administration's effort, Reagan's First Lady, Nancy, made the War on Drugs her main cause as First Lady, by founding the "Just Say No" drug awareness campaign. As of 2007, there were still hundreds of "Just Say No" clinics and school clubs in operation around the country aimed at helping and rehabilitating children and ...
Ronald Reagan's economic policies, dubbed "Reaganomics" by opponents, included large tax cuts and were characterized as trickle-down economics.In this picture, he is outlining his plan for the Economic Recovery Tax Act of 1981 from the Oval Office in a televised address, July 1981.
Reagan was first elected in 1980, when the U.S. gross domestic product fell 0.3%, according to data from the World Bank. During his first year in office (1981) the GDP grew 2.5%, but during his ...
The Reagan era or the Age of Reagan is a periodization of recent American history used by historians and political observers to emphasize that the conservative "Reagan Revolution" led by President Ronald Reagan in domestic and foreign policy had a lasting impact. It overlaps with what political scientists call the Sixth Party System ...
He and Thatcher provided mutual support in terms of fighting liberalism, reducing the welfare state, and contronting the Soviet Union in what turned out to be the final years of the Cold War. [6] Reagan ultimately departed from the historical policy of détente with the Soviet Union, which had been followed after World War II by consecutive U.S ...
Reagan came to power at a time when the growth rate was the highest since the industrial revolution. Inequality was trending downward , and almost everyone was sharing the fruits of progress.
June 21–22, 1942 – Bombardment of Fort Stevens, the second attack on a U.S. military base in the continental U.S. in World War II. September 9, 1942, and September 29, 1942 – Lookout Air Raids, the only attack by enemy aircraft on the contiguous U.S. and the second enemy aircraft attack on the U.S. continent in World War II.