THE RISE OF POLITICAL CONSERVATISM 1980 1992
THE ELECTION OF RONALD REAGAN IN 1980
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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tax cuts
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military spending
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confidence
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balanced budget
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Detailed explanation-1: -Reagan sought to stimulate the economy with large, across-the-board tax cuts. The expansionary fiscal policies soon became known as “Reaganomics", and were considered by some to be the most serious attempt to change the course of U.S. economic policy of any administration since the New Deal.
Detailed explanation-2: -The main goal of the US foreign policy during the presidency of Ronald Reagan (1981–1989) was winning the Cold War and the rollback of communism-which was achieved in the Revolutions of 1989 in Eastern Europe during 1989; in the German reunification in 1990; and in the dissolution of the Soviet Union in 1991.
Detailed explanation-3: -In his first term, Reagan implemented “Reaganomics", which involved economic deregulation and cuts in both taxes and government spending during a period of stagflation. He escalated an arms race with the Soviet Union and transitioned Cold War policy from détente to rollback.
Detailed explanation-4: -Reagan promised a restoration of the nation’s military strength at a time when 60 percent of Americans polled felt defense spending was too low. Reagan also promised an end to “trust me government", and to restore economic health by implementing a supply-side economic policy.