THE 1970S 1969 1979
FOREIGN POLICIES OF PRESIDENT NIXON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The rise of popular social welfare programs strengthened the role of the federal government
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Growing Cold War tensions crated mass hysteria over the possibility of U.S. communist influences
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A surge of liberalism followed the rise of counterculture
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Popular resistance to the social changes of the 1960s and 1970s supported a new conservative movement
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Detailed explanation-1: -Background of Reaganomics Ronald Reagan’s economic policies are based on supply-side economics, which is a macroeconomic theory that states economic growth can be created by reduced taxes and lower regulation.
Detailed explanation-2: -The pillars of Reagan’s economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation.
Detailed explanation-3: -The US experienced mixed consequences. On the one hand, the real GDP improved by 26% (above 1980 figures), from 13.5%, inflation was brought down to 4.1%, and unemployment dropped from 7.6% to 5.5%. But, on the opposite spectrum, the rich became richer. Tax savings were not used for job creation.
Detailed explanation-4: -Over the eight years of the Reagan Administration: 20 million new jobs were created. Inflation dropped from 13.5% in 1980 to 4.1% by 1988. Unemployment fell from 7.6% to 5.5%