His presidency was called the Reagan Revolution because of the changes and reforms that were made. Reagan’s master plan to reduce inflation in the United States . It involved reducing taxes, reducing government spending and regulations in order to tighten up the money supply.
What was the biggest controversy of Ronald Reagan’s presidency quizlet?
The biggest controversy with Reagan’s presidency is the Middle Eastern Policy and the Iran-Contra Scandal . Contras were rebels who wanted to overthrow the Nicaragua government. They were anti-communist so Reagan Administration wanted to support them especially because this was during the Cold War.
What did Reaganomics do quizlet?
Economic policies of Reagan: tax cuts, decreased social spending, increased military spending, and deregulation of domestic markets . “Supply side economics” and “trickle down theory” = expenses of corporations are reduced, the savings will trickle down to the economy. You just studied 6 terms!
What year Ronald Reagan is elected president and begins the Reagan Revolution?
Reagan, a Republican from California, took office following a landslide victory over Democratic incumbent President Jimmy Carter in the 1980 presidential election. Four years later, in the 1984 election, he defeated Democrat Walter Mondale to win re-election in a larger landslide.
What did Reagan believe the government should do to improve the economy quizlet?
Instead of believing that social programs would help stimulate the American economy and lift Americans out of poverty, President Reagan believed that lowering taxes, decreasing regulations, and cutting social welfare progams would create a strong economy with many jobs for Americans.
What issues did Reagan run on quizlet?
- Cutting fed deficit – accompanied by budget bill + proposal for cuts on domestic spending.
- Personal + business tax reductions.
- Deregulation in industry, state + local gov.
- Planned control of money supply to keep inflation down while expanding economy.
Why did Reagan support the Contras in Nicaragua quizlet?
Terms in this set (10)
During the Reagan administration, senior Reagan Administration officials secretly facilitated the sale of arms to Iran , the subject of an arms embargo in hopes of securing the release of hostages and allowing U.S. intelligence agencies to fund the Nicaraguan Contras.
What did Reaganomics do to the economy?
The four pillars of Reagan’s economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation. The results of Reaganomics are still debated.
What was Reagan’s appeal to voters quizlet?
What was Reagan’s appeal to voters? Reagan wanted to get our troops out of Vietnam instead of fighting their war . How did a Republican Senate help Republicans change the legislative agenda? Now it was more geared towards less government, lower taxes and traditional values.
What was the result of President Reagan’s supply-side economic policies quizlet?
Explanation: Supply-side economics centered increasing the supply of goods and services available . The theory held that increasing supply would result in increased need for employees and that increased employment would result in increased money in circulation as employees spent.
What was one effect of the Reagan revolution in 1980 quizlet?
The revolutionary two-term presidency of Ronald Reagan. His administration ended the Cold War, causing a major collapse of Communism in Europe , they also created a period of economic growth that was previously thought unimaginable.
Who ran against Ronald Reagan?
| Nominee Ronald Reagan Walter Mondale | Party Republican Democratic | Home state California Minnesota | Running mate George H. W. Bush Geraldine Ferraro | Electoral vote 525 13 |
Which statement best summarizes how Reagan’s economic?
pressured the Soviets to build similar technologies. Which statement best summarizes how Reagan’s economic policies affected the US economy? There was overall prosperity, but federal spending and the national debt also increased.
What happened as a result of businesses expanding quizlet?
What happened as a result of businesses expanding? The economy would grow .
What was one of the negative effects of the 1980’s economy?
In the early 1980s, the American economy was suffering through a deep recession . Business bankruptcies rose sharply compared to previous years. Farmers also suffered due to a decline in agricultural exports, falling crop prices, and rising interest rates.
