Ronald Reagan Economic Policy Case Study

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• What did Ronald Regan’s economic policies consist of? President Regan’s ideas were to stick to his economic program. Regan wanted taxes cut and deregulation; this ignited a boom that restored U.S. confidence. • What were the Principles of the New Right? Ronald Reagan recognized the opportunity to build a Republican majority. In a 1977 speech to the American Conservative Union, he explained that he wanted to maintain the support of the Republican base by continuing to favor lower taxes and less government regulation of business. His goal was “to combine the two major segments of contemporary American conservatism into one politically effective whole.” This was the New Right of the 1980s • How did Ronald Reagan and Congress handle the…show more content…
confrontation between Ronald Reagan and the Democratic Congress. The Boland Amendment passed in 1984, which said that the CIA and Department of Defense could not give military aid. The conflict began in 1985, when Iran and Iraq were at war with each other. Reagan thought that if he supplied Iran with United States military supplies and weapons, then the bond with Iran might become stronger, and in turn would lead to improved relations with Lebanon and a stronger U.S. position in the Middle East. • How were Social security and other social programs important? On April 20, 1983, Reagan signed a bill to protect and keep Social Security. At the bill signing, the president made it clear that the bill would demonstrate the nation's commitment to Social Security. It mainly focuses on the elderly and to always keep them protected and secure. President Reagan also made it known that Social Security is here to stay, making it more efficient, and ensure that the program is solvent. • Why was raising the debt in the 1980’s so…show more content…
If that trend continued the federal government would have grown relative to national income by about 25%. Instead of increasing, the relative size of government stayed roughly the same as it had been in the 1970s. Reagan thus shrank the size of government compared to what it would have been if past trends had continued. • When was the attempted assassination of Ronald Reagan? The Reagan assassination attempt occurred on Monday, March 30, 1981, just 69 days into the presidency of Ronald Reagan. While leaving a speaking engagement at the Washington Hilton Hotel in Washington, D.C., President Reagan and three others were shot and wounded by a man named John Hinckley, Jr. Reagan suffered a punctured lung and heavy internal bleeding, but prompt medical attention allowed him to recover quickly. • What happened in the incident of the American hostages coming
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