Reaganomics The Long-Term Effects on America's Economy

Explore Reagan's economic policy, emphasizing lower taxes, deregulation, and free-market capitalism. Discover the impact on U.S. growth and prosperity. When President Reagan took office, he promised to rebuild the nation's defenses, restore economic growth, and trim the size of the federal government. President Reagan instituted tax cuts, decreased social spending, increased military spending, and implemented market deregulation. Reaganomics was influenced by ... Still, Reagan's popularity went up in 1988 when he helped bring an end to the Cold War, a long period of tensions between the United States and the former ... Reagan's domestic policies had a major impact on the American people and have had for many years. He followed up the passage of the largest tax cut in U.S. ... ... can be traced back to Ronald Reagan ... It is important to recognize the impact Reagan had on the wages of the working class in America. His economic agenda -- known as Reaganomics -- was characterized by tax cuts, deficit spending and lower inflation. For 30 years Ronald Reagan has been a hero to Republicans and conservatives, his presidency regarded as the crucial moment when America ... Ultimately, by striving to end the nuclear arms race and avoid Armageddon, he contributed to the dynamics that led to the dissolution of the ... Yet from a long-term perspective, conservatives achieved an enduring transformation of American politics and society. Liberals did not disappear, but they ...