economic philosophy

What Was Reaganomics Based On?

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What Was Reaganomics Based On? Reaganomics was partially based on the principles of supply-side economics and the trickle-down theory. These theories hold the view that decreases in taxes, especially for corporations, offer the best way to stimulate economic growth. What were the main ideas of Reaganomics? The four pillars of Reagan’s economic policy were to

Was John Adams Poor Or Rich?

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Was John Adams Poor Or Rich? Born into a comfortable, but not wealthy, Massachusetts farming family on October 30, 1735, John Adams grew up in the tidy little world of New England village life. His father, a deacon in the Congregational Church, earned a living as a farmer and shoemaker in Braintree, roughly fifteen miles