Conservatism In The 80's

Reaganomics was economics policies which were propelled by United States President, Ronald Reagan during 1980s. These policies were based on fours pillars namely; reduction of the growth of government spending, reduction of income and capital gains marginal tax rates, reduction of government regulation of economy, and controlling of the money in supply so as to reduce inflation. Their basic aims were to lower taxes and create a leaner government. According to Reagan his decision was informed on stimulation of the economy taxes, financed by borrowing. Lowering taxes was aimed at reviving the economy, which in turn would see the increased tax revenues being used to offset the debts incurred (Niskanen

Ronald Reagan, President of the United States from 1981 through 1989, created economic policies throughout his presidency that aimed to pull the United States out of a recession. His policies, called Reaganomics, reduced government spending and reduced tax rates in order to foster economic growth. Reagan also appointed many conservative judges to the Supreme Court and federal courts in order to shift ideologies to the right. Because of this, Reagan was both underrated and overrated as a president.

Starting during the 1970s, factions of American conservatives slowly came together to form a new and more radical dissenting conservative movement, the New Right. The New Right was just as radical as its liberal opposite, with agendas to increase government involvement beyond the established conservative view of government’s role. Although New Right politicians made admirable advances to dissemble New Deal economic policies, the movement as a whole counters conservativism and the ideologies that America was founded on. Although the New Right adopts conservative economic ideologies, its social agenda weakened the conservative movement by focusing public attention to social and cultural issues that have no place within the established Old

Reagan really focused on improving the economy during his presidency, with a plan he called Reaganomics, or supply side economics. The main parts of this plan were cuts on taxes and budgets, and monetary policy. Also, he wanted to reduce government regulation on businesses. He thought that these and increasing defense expenditures would heighten economic efficiency. Reagan managed to cut taxes by twenty five percent in three years. However, the plans did not work out at first, causing a recession that some call “The Great Inflation.” The national debt heightened substantially, and the rate of unemployment reached up to eleven percent. Despite these negative outcomes, the economy experienced a sudden growth and prosperity in 1983, which was

In 1980, the United States was emerging from a troubled decade. The 1970s had been marked by an ugly end to the Vietnam War, the demoralizing Watergate spectacle, rampant inflation, unemployment and an energy crisis. The Soviets had just invaded Afghanistan, rejuvenating

The 1980’s is one of the most interesting decades that was experienced in the United States. Dealing with the stock market, the coming up of new inventions, all the way to the types of music people listened to. During the 1980s, the only thing that made Americans be “Americans” was because of the things they were provided with. Many Americans had fun throughout the 1980s with materialistic, glamorous, and technological life styles; therefore there were different economical problems that Americans faced.

There were many critical issues with Reaganomics, which was intended to help expand the economy, but it eventually became the downturn during 1981 through 1982 (Foner 832). For example, the wealthiest American families benefited the most from the economic expansion because they had spent most of their income not on productive investments and charity, but on luxury goods and corporate buyouts (Foner 832). Whereas, the poorest 40 percent of the population’s incomes have declined, especially those with wives who did not work outside of their homes (Foner 832). Foner states that the 1980s was remembered as a decade of misplaced values because buying out companies generated more profits than actually running them or

    The 1980’s was a time of prosperity throughout America. From the Calendar that went from January 1st to December 31st to the increase of jobs. This decade was full of good changes socially, economically, and politically.

Life in America began to undergo great economic and social changes during the 1980s under the Reagan Administration. During this period of time, stagflation began to distress the US economy, leaving millions of Americans to fall victim to homelessness and poverty. The unemployment rate had reached its highest peak since the Great Depression, creating a major crisis for low-income families and other individuals concerning living conditions. The introduction of Reaganism into society primarily focused on reducing the growth of government spending through the modulation of federal income tax and reduction of government regulation to diminish inflation. Despite all attempts for economic recovery, the US struggled to bounce back from the 1970s recession and in time led to the significant rise in urban poverty. Uniquely, an American film director from the 1980s by the name of John Carpenter produced a science-fiction film, They Live, that served as a powerful and eye-opening depiction of his own personal views of Reaganism (Reaganomics). He essentially depicts our world to be controlled by powerful elites who have created a repressive society that we are unwilling brought to live and build in. He also clarifies how the majority of Americans during the 1980s were focused primarily on materialism and how an individual’s “success” was measured by the amount of money they possessed. Carpenter’s major criticisms of 1980s America included the impact of consumerism in America as well as

Liberals had dominated American society for most of the 1900s. The 1960s was widely known for being the age of counterculture, social reforms, and liberals. The era witnessed many advancements like racial equality such as the Voting Rights Act of 1965, a strong advancement in political liberalism, and a significant increase in the power and influence of government-funded social programs as a result of Lyndon B. Johnson's Great Society reforms. Beginning with the election of Nixon, however, followed a gradual return to conservatism whether religiously, politically, or economically. The resurgence of conservatism in American politics and government in the years 1964-2005, was caused in

Reagan implemented policies based on supply-side economics and advocated a classical liberal and laissez-faire philosophy, seeking to stimulate the economy with large, across-the-board tax cuts. Reagan’s outlook on economics was what he and the public called “Reaganomics”. “The blueprint for “Reaganomics,” was a sketched out supply-side approach to the economic, including massive cuts in income taxes, capital gains taxes, and corporate taxes,”(340). His platform advocated reducing tax rates to spur economic growth, controlling the money supply to reduce inflation, deregulation of the economy, and reducing government spending. Reagan's policies proposed that economic growth would occur when marginal tax rates were low enough to spur investment, which would then lead to increased economic growth, higher employment, and wages. Reagan’s beliefs on cutting taxes were supported by ideas of William Sumner who believed that the best equipped to win the struggle for existence was the American businessman, and concluded that taxes and regulations serve as dangers to his survival. Reagan believed strong nations were composed of people who were successful at expanding their empires and these strong nations would survive in the struggle for dominance.

Even though Reagan was very confident about his economic plan many others were weary of his ideas. George W. Bush Sr. proclaimed Reagan’s economic ideas as ‘Voodoo’ economics believing Reagan’s policy would not live up to its predicted outcome; ironically enough Bush and his son both adopted these policies during their presidencies. Many important congressmen had many fears in Reagan’s policies, they believed that imposing such tax cuts would raise inflation and cause higher interest rates. The public on the other hand, praised these

The 1950s in America are often described as a time of complacency. By contrast, the 1960s and 1970s were a time of great change. But the economy of the 70s was not stable because of the Oil crisis and presidents did not seem to find a solution to get the economy work again. For the right, the federal government had been spending too much money on the social programs. Conservatism believes that the best way to run a society is to maintain social and political framework and that the government should be as limited as possible,

The seventies is often seen as a lost decade, merged between the optimistic sixties and the opportunistic eighties. Bruce J. Schulman argues, in his book titled, “The Seventies: The Great Shift in American Culture”, that this period ignores changes brought by the 1970s. This period brought changes in the economy, shifts in culture, politics, race, family and religious values. The United States faced many transformations that helped shape our country to this day. Schulman begins to explain his thesis, “The Seventies transformed American economic and cultural life as much as, if not more than, the revolutions in manners and morals of the 1920s and the 1960s.” The information that I will present will summarize the changes that affected the United

The 1970s can be best understood as a transitional period in America. Starting in the 1950s, the power of the youth was on the rise, through civil rights activism and anti-war protests. This decade’s ideal citizen seemed to be the person helping others. Then the 1980s are more financially centered and individualistic. This decade’s ideal citizen is the one who measured success by how much money they made. The 1970s proved to be a time of bitterness, cynicism, and increased interest in one’s self for most of the people in America. Some of the events that contributed to this were the Kent State Massacre, Roe v. Wade, and the economic stagflation that happened in the latter part of the decade.