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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.
[1] [2] He expanded support to anti-communist movements in Central and Eastern Europe. Reagan's foreign policy also saw major shifts with regards to the Middle East. US intervention in the Lebanese Civil War was halted as Reagan ordered an evacuation of troops following the 1983 Marine Corps Barracks Attack.
In contrast, the share of total income of the lowest fifth of households fell from 4.2% in 1980 to 3.8% in 1988 and the second poorest fifth from 10.2% to 9.6%. [ 14 ] In August 1981, after negotiations with the Republican-controlled Senate and the Democratic-controlled House, Reagan signed the largest marginal tax cut in American history into ...
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 ...
It kept growing in 2022, but at a slower rate of 2.1%. Biden still has about a year-and-a-half left in his current term, and some economists are warning of a possible recession .
World War II deaths by country World War II deaths by theater. World War II was the deadliest military conflict in history.An estimated total of 70–85 million deaths were caused by the conflict, representing about 3% of the estimated global population of 2.3 billion in 1940. [1]
June 21–22, 1942 – Bombardment of Fort Stevens, the second attack on a U.S. military base in the continental U.S. in World War II. September 9, 1942, and September 29, 1942 – Lookout Air Raids, the only attack by enemy aircraft on the contiguous U.S. and the second enemy aircraft attack on the U.S. continent in World War II.
Since the introduction of so-called Reaganomics in the 1980s, the share of the top 1 percent and top 10 percent in income and wealth has been increasing dramatically at the expense of everyone ...