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The New Conservatism and a New World Ord12

The New Conservatism and a New World Ord12 - TheReaganYears...

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The New Conservatism and a New World Order The Reagan Years THE ECONOMY IN THE 1980s President Reagan's domestic program was rooted in his belief that the nation would  prosper if the power of the private economic sector was unleashed. The guiding theory  behind it, "supply side" economics, held that a greater supply of goods and services,  made possible by measures to increase business investment, was the swiftest road to  economic growth. Accordingly, the Reagan administration argued that a large tax cut  would increase capital investment and corporate earnings, so that even lower  taxes on  these larger earnings would increase government revenues. Despite only a slim Republican majority in the Senate and a House of Representatives  controlled by the Democrats, President Reagan succeeded during his first year in office 
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