USA HISTORY

Detailed explanation-1: -Summary. A conservative think tank promoting public policy research and analysis based on free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.

Detailed explanation-2: -Upon taking office, Reagan argued that the United States faced a dire crisis, and that the best way to address this crisis was through conservative reforms. His major policy priorities were increasing military spending, cutting taxes, reducing non-military federal spending, and restricting federal regulations.

Detailed explanation-3: -Cutting federal income taxes, cutting the U.S. government spending budget, cutting useless programs, scaling down the government work force, maintaining low interest rates, and keeping a watchful inflation hedge on the monetary supply was Ronald Reagan’s formula for a successful economic turnaround.