Search results
Results from the WOW.Com Content Network
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.
Milton Friedman, the monetarist economist who was an intellectual architect of free-market policies, was a primary influence on Reagan. [4] When Reagan took office, the country faced the highest rate of inflation since 1947 (average annual rate of 13.5% in 1980), and interest rates as high as 13% (the Fed funds rate in December 1980).
Although scholars have pushed back against giving Reagan the lion's share of the credit. [4] Western confrontation combined with the Soviet Union's mishandling of domestic affairs lead to its weakening and ultimate dissolution. In 1989, after Reagan left office the Revolutions of 1989 saw Eastern European countries overthrow their communist ...
Reagan pushed a “trickle down” economic agenda designed to benefit businesses through deregulation and tax cuts. The theory was that this would boost corporate profits — and those profits ...
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.
En-us-Reaganomics.oga (Ogg Vorbis sound file, length 1.2 s, 261 kbps, file size: 40 KB) This is a file from the Wikimedia Commons . Information from its description page there is shown below.
Reagan described the new debt as the "greatest disappointment" of his presidency. [39] Reagan's economic tax plans had early been labeled "voodoo economics" and "trickle down economics", both terms of which have propelled far into the US political discourse since, and are still used today alongside Reagan's name.
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 ...