Life Of The 1980 ' S

While Reagan was in office the economy grew, inflation lessened, employment increased, and national defense was strengthened. He helped the economy by cutting taxes and government expenses. In 1984, Reagan won a second term due to his brilliance in his first. At the end of his presidency the nation had the longest period of peacetime prosperity without recession or depression.

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.

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

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.

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

They elected Ronald Reagan in 1980 who had a controversial plan for fixing the U.S. economy, later dubbed “Reaganomics.”

Perhaps Reagan's most controversial cause was his foreign policy. He wanted to prevent communist expansion and helped countries free themselves of it and believed the nation should negotiate with the Soviet Union. On Washington Summit in December of

As President, Ronald Reagan encountered many significant events; from surviving an assassination attempt, to the space shuttle Challenger disaster. Perhaps the most significant event was the economic downturn. He came to office (much like President Obama) in the midst of an economic crisis; however, President Reagan was able to turn the economy around. How did he do this? In order to answer this question, you must first ask what the economy was like when he was sworn into office, how his policy changed from the prior administration’s policy, and how it contrasts our present economic policy.

The economy began to recover in 1983 and was surging in 1984. Unemployment and interest rates dropped, allowing more Americans to buy homes and cars (Moss & Thomas, 2013, p. 236). Inflation dropped to four percent, the lowest since the early 1970s. Americans were earning more money, and oil prices were dropping, making fuel more affordable (Moss & Thomas, 2013, p. 236). “Economic growth generated 18 million new jobs and tripled the price of stocks by 1990” (Moss & Thomas, 2013, p. 236).

The nineties were a very interesting and busy time in the United States, it was unique any other time period before it especially when it came to culture. Politically the nineties was a very busy time as well starting off the nineties was president George H. Bush. Bush made a lot of promises he couldn't keep over his presidency like promising no new taxes and to cut spending to reduce deficit by five hundred billion dollars in only five years. After these promises started to fail Bush gave in to Democratic proposals to raise taxes and increase spending, this caused Republicans to feel like they’d been cheated thus he was was not reelected in 1992 instead we got president Bill Clinton.

The 1980's were a time when America in many ways grew and flourished in many different ways. During this time President Reagan was in the middle of it all. Reagan came in with a background of being an actor to being California's governor. Reagan was looked at as the dream president during the 1980's.

How President Reagan ran the economy was through Supply-Side economics or “Reaganomics”. The idea of this process ran under the belief that businesses should be stimulated by cutting taxes, deregulation, and encouraging investment instead of consumption. The association between cutting taxes, and the country's revenue was also known as the Laffer curve; that tax cuts will yield more revenue for corporations to thrive. Along with economic change, Reagan also believed that the government intruded too deeply into American life. Unlike previous New Deal aspects, he wanted to cut programs that he deemed wasteful within society. During his time as President, he reduced federal regulations by 1/3 of what it had been. Unemployment went up 4% during the first two years of his presidency, but started to go down in

Many major U.S. events and Global events took place in the 1980’s, they shaped the way the world works and changed how we look at certain topics like communism. Many people and accidental events had a big impact and helped these events become so known to the public. Chernobyl, Ronald Reagan, and the fall of the Berlin Wall all were important events and important people who changed the world.

The events that took place in the 1980’s help shaped the 1990’s and beyond. LBGT history changed forever in the 1980’s. The AIDS epidemic, the creation of new laws for gays and lesbians, the relationships between lesbians and gay men were some of the main changes that took place in the 1980’s. Protest, and marches that took place in the 1980s help the 1990’s gay culture and beyond. Gay pneumonia, gay cancer, the gay plague, the gay disease.

1980 to 1989 was a period in the United States which spurred hope for the economy and in the spirits of the people. The 1980’s were a decade of the American people standing together in tragedy and rejoicing with each other in victory. At the end of the decade, the fall of the Berlin Wall also marked the end of an age of oppression overseas. America cheered for the freedom of her brothers and sisters in Germany. One of the highlights of the 1980’s was the substantial growth of the economy through Reaganomics. The television show Family Ties depicted an average family at the time with a range of beliefs and ideals among the family members, who supported each other despite their differences. Why was this time in America so great? The people of