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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.
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.
The history of the United States from 1917 to 1945 was marked by World War I, the interwar period, the Great Depression, and World War II. The United States tried and failed to broker a peace settlement for World War I , then entered the war after Germany launched a submarine campaign against U.S. merchant ships that were supplying Germany's ...
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.
When US Airways and AMR's American Airlines agreed to merge back in February, proponents of the $11 billion deal believed that it would allow both the bankrupt American and the undersized US ...
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 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 ...
For Dennis Quaid, finding his way into the interior of Ronald Reagan meant considering his closed-off sides. But while a lifelong fan of the 40th U.S. president, Quaid was initially hesitant about ...