The Economic Fallouts of Ronald Reagan's Presidency

When Reagan took office, the US economy was struggling under what was known as “stagflation” – high unemployment coupled with high levels of ... Margaret Thatcher, Ronald Reagan and Donald Trump were all elected on promises of major tax cuts for top earners, arguing that freeing up money for the ... When Ronald Reagan stepped into the Oval Office in 1981, the United States faced a challenging economic landscape. High inflation, escalating unemployment, ... 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. Between the beginning and the end of the Reagan presidency, the annual deficit almost tripled. So did the gross national debt -- from $995 billion to $2.9 ... His opponents contend that Reagan's poor policies, such as bloating the national defense, drastically cutting social services, and making ... Reagan did nothing good that benefited everyday Americans but the top. ... This benefited the top 0.001% but in the sam time Ronald Reagan ... He entered office in 1981 insisting that government deficits were too high, that taxes had to be cut, that spending had to shrink. His inaugural ... Where those regulations were aimed at the greedy, they now penetrated to most Americans lives. Thus, Americans in some ways were displaced by 1980 from the ... The 1980s economic policies put in place by President Ronald Reagan are referred to as Reaganomics. This prioritized raising military spending, lowering taxes, ...