THE RISE OF POLITICAL CONSERVATISM 1980 1992
THE ELECTION OF RONALD REAGAN IN 1980
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Reaganomics
|
|
|
No Taxation without Representation
|
|
|
Supply and Demand
|
|
|
Socialism
|
Detailed explanation-1: -Reaganomics refers to the economic policies instituted by former President Ronald Reagan. President Reagan instituted tax cuts, decreased social spending, increased military spending, and implemented market deregulation.
Detailed explanation-2: -These policies are characterized as supply-side economics, trickle-down economics, or “voodoo economics” by opponents, while Reagan and his advocates preferred to call it free-market economics.
Detailed explanation-3: -Ronald Reagan’s economic policies, dubbed “Reaganomics” by opponents, included large tax cuts and were characterized as trickle-down economics. In this picture, he is outlining his plan for the Economic Recovery Tax Act of 1981 from the Oval Office in a televised address, July 1981.