THE RISE OF POLITICAL CONSERVATISM 1980 1992
REAGANOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During Reagan’s presidency, federal spending increased most for
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defense and the military.
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job training and school loans.
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urban mass transit in major cities.
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environmental protection.
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Explanation:
Detailed explanation-1: -In the 1980 campaign, Reagan had proposed to cut taxes and domestic spending but increase military spending.
Detailed explanation-2: -President Reagan proposed the largest peacetime military build-up in US history, 180 billion dollar expansion over a six year period. The build-up included the B-1 bomber, the B-2 stealth bomber and an array of conventional weapons programs.
Detailed explanation-3: -Between 1980 and 1988 (Reagan’s presidency), federal deficit spending increased dramatically. Reagan believed that cutting taxes would stimulate the economy. What was the logic behind that idea? Reagan thought that, with tax cuts, people would spend more money and more jobs would be created.
There is 1 question to complete.