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The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation. [7] The results of Reaganomics are still ...
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).
During January 2009, at the end of President George W. Bush's second term in office, Jonathan Clarke, a senior fellow at the Carnegie Council for Ethics in International Affairs and prominent critic of Neoconservatism, proposed the following as the "main characteristics of neoconservatism": "a tendency to see the world in binary good/evil terms ...
Ronald Wilson Reagan [a] (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party and became an important figure in the American conservative movement.
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 ...
Pages in category "Reagan administration cabinet members" The following 43 pages are in this category, out of 43 total. This list may not reflect recent changes .
Nancy Reagan reportedly said her life "began" when she met Ronald. But he often said the same about her too, and their 50-year marriage is proof of their love and devotion. In a sense, their love ...