THE RISE OF POLITICAL CONSERVATISM 1980 1992
THE ELECTION OF RONALD REAGAN IN 1980
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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He ended the Cold War so we would not have to deal with it
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He was the one the created Reaganomics
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Either A or B
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None of the above
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Detailed explanation-1: -The results of Reaganomics are still debated. Supporters point to the end of stagflation, stronger GDP growth, and an entrepreneurial revolution in the decades that followed.
Detailed explanation-2: -The nation’s Gross National Product grew substantially during the 1980s; from 1982 to 1987, the U.S. economy created more than 13 million new jobs. However, an alarming percentage of this growth was based on deficit spending. Under Reagan the national debt nearly tripled.
Detailed explanation-3: -Reaganomics refers to the economic policies of Ronald Reagan, the 40th U.S. president, serving from 1981–1989. His economic policies called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets.
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%