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Thatcherism sought to minimise the importance of welfare for the middle classes and reinvigorate Victorian bourgeois virtues. Thatcherism was family centred, unlike the extreme individualism of most neoliberal models. It had its roots in historical experiences such as Methodism and the fear of the too-powerful state that had troubled Hayek.
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.
Reagan's philosophy of minimal government intervention in personal and family affairs was reflected in his view of the Federal Department of Education. During the 1980 presidential campaign, Gov. Reagan called for the total elimination of the U.S. Department of Education, severe curtailment of bilingual education, and massive cutbacks in the ...
Federal spending fell from 22.2% of the GDP to 21.2%. [38] By the end of Reagan's second term, the national debt held by the public increased by almost 60% and the total debt equalled $2.6 trillion. In fewer than eight years, the United States went from being the world's largest creditor nation to the world's largest debtor nation. [39]
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.
President Reagan, shown in 1981, based many of his policies on ideas from the Heritage Foundation publication "The Mandate for Leadership." Project 2025 makes up a majority of the latest edition ...
The federal government officially moved to Washington, D.C. in 1800, during which time the Library of Congress was established as the national library. [59] Foreign policy of the United States was shaped by the XYZ Affair in 1798 and the resulting Quasi-War with the French First Republic.
The film uses computer animation, film clips, archival footage, dramatizations, music, graphics, and on-camera interviews with well-known public figures and experts "to tell the story in the plainest terms of the choice between the Obama and the Reagan views of the role of the federal government in our society." [2]