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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United Nations
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Allied countries
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United States
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None of the above
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Detailed explanation-1: -President Ronald Reagan signs the Economic Recovery Tax Act of 1981 at his California ranch.
Detailed explanation-2: -Generally “Reaganomics” is both a shorthand for the economic policies of the Federal Government 1981-1989 set by Congress and the President, as well as a description of the general policy of low personal income tax-rates or tax cuts in combination with high military spending generally associated with President Reagan.
Detailed explanation-3: -Ronald Reagan, originally an American actor and politician, became the 40th President of the United States serving from 1981 to 1989.
Detailed explanation-4: -The four main pillars of Reaganomics were tax cuts, deregulation, cuts to domestic social spending, and reducing inflation.