Reagan's Economic Blunders A Series of Costly Missteps

Reaganomics significantly stimulated economic growth, reduced unemployment, and curbed inflation in the US during the 1980s. Reagan's economic policies are called Reaganomics. these policies are based on the theory of supply-side economics which says tax cuts encourage economic ... America was in trouble when Ronald Reagan was elected to office. He inherited an economy mired in stagflation, a combination of double-digit ... Reagan's economic legacy is mixed. On the one hand, tax reduction and a tightening of interest rates by the Federal Reserve led to a record period of peacetime ... Elected in 1980 and inaugurated in 1981, one of Ronald Reagan's main goals was to restore America's faltering economy. Inflation was the top concern for ... The Reagan Administration's goals are to: (1) promote cost containment and quality control through competition, and (2) shift the major elements of program ... The momentum generated in the late 1970s carried over into the Reagan Administration, thanks to a President who extolled the virtues of a free ... Reagan continued to lower corporate taxes, which would ultimately hurt his citizens greatly. An example of this was Social Security cuts. Over three hundred ... Ronald Reagan saw that reform might reduce government intervention in the economy and further lower tax rates. He convinced the Republicans to support ... Here's how Reagan's tax cuts in the 1980s favored corporations and the wealthy, setting the stage for 'trickle-down economics' as we know it ...