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ECO 202The Economy during the 1980’sKatelynn FreemanECO 202Milestone Two
ECO 202Fiscal Policies in the 1980’s•The end of the Carter-Era•Stagnation•Inflation•Unemployment•Recession•“Stagflation”•Environmental Policies•National Energy Act (NEA) •Public Utilities Regulatory Policy Act (PURPA) •Surface Mining Control and Reclamation Act of 1977•Alaska National Interest Lands Conservation Act •Deregulation of the oil industry
ECO 202New Fiscal Policies in the 1980’s•1980-1981 The end of the Recession•The “Reagan Revolution”•“Reagonomics”•Deregulation : Garn-St. Germain Depository Institutions Act.•Decreased Government spending proposals•Savings and Loan crisis
ECO 202Fiscal Impact on the Economy •16 Million new jobs•Inflation decreased•Unemployment decreased•Economy grew 40%•Tech companies thrived