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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.
President Reagan signed the Anti-Drug Abuse Act of 1986 which granted $1.7 billion to fight drugs, and ensured a mandatory minimum penalty for drug offenses. [84] The bill was criticized for promoting significant racial disparities in the prison population, however, because of the differences in sentencing for crack versus powder cocaine. [84]
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 ...
The Reagan Doctrine was especially significant because it represented a substantial shift in the post–World War II foreign policy of the United States. Prior to the Reagan Doctrine, U.S. foreign policy in the Cold War was rooted in " containment ", as originally defined by George F. Kennan , John Foster Dulles , and other post–World War II ...
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 ...
“World trade fell by 60 percent, and young Americans soon followed the American flag into World War II.” Donald Trump holds the opposite view. From the beginning, he opposed Reagan’s free ...
After World War II, many countries adopted policies of economic liberalization in order to stimulate their economies.. The period directly after the war did not see many, the most notable exception being West Germany's reforms of 1948, which set the stage for the Wirtschaftswunder in the 1950s and helped inform many of the liberalisations that were to come.