The Economic Crisis Created by Reagan's Policies

The 1980s economic policies put in place by President Ronald Reagan are referred to as Reaganomics. This prioritized raising military spending, lowering taxes, ... The Reagan administration slashed the priime interest rate by more than half, from an unprecedented 21.5% in January 1981 to 10% in August 1988. This ... When Jimmy Carter handed over the presidency to Ronald Reagan, the double-digit inflation he had presided over for three years hurt the poor most of all. increased wealth inequality · an increase in corporate bankruptcies · inadequate tax cuts · increased government spending ... Forty-two years ago, Ronald Reagan launched America into a great social, economic, and political experiment. Although his other policies hurt workers and increased inequality, Ronald Reagan was persuaded that an economy where the largest, most ... "Learn about President Ronald Reagan's economic policies, which are known as Reaganomics, and why its trickle-down theory construct — giving ... President, I thank you, and your country thanks you.” - President Ronald Reagan at the dedication ceremony for the Carter Presidential Center in ... When President Reagan took office in 1981 the top marginal personal income tax rate was 70 percent. We have retreated a bit from the low tax rates of ... His opponents contend that Reagan's poor policies, such as bloating the national defense, drastically cutting social services, and making ...