Reaganomics - caught in tedious jobs He then implemented the Economic Tax Act which reduced taxes by twenty five percent This increased industry It

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
HIS/135 Morgen Rogers Tonia Stoneman Reaganomics Ronald Reagan was elected in 1980. His Hollywood past and good looks got him in the door. His economics policies were not very prosperous for our nation. Reagan wanted to increase military power. He wanted us to be the true superpower. His military ambition caused a great national deficit. He also cut taxes to the wealthy and he cut the budgets for the middle and lower class. This caused the United States society to split. Unemployment rates were up and many people that were employed were
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: caught in tedious jobs. He then implemented the Economic Tax Act which reduced taxes by twenty five percent. This increased industry. It also brought more jobs for the wealthy blue collar workers. It allowed many jobs to be sent to other countries like Mexico. His increased spending for the military was mostly for expensive nuclear weapons increased the national deficit to $400 billion. This was the greatest deficit yet....
View Full Document

This note was uploaded on 06/10/2011 for the course HIS/125 AAFO0NDH19 taught by Professor Gunter during the Spring '11 term at University of Phoenix.

Ask a homework question - tutors are online