President Reagan Essay

797 Words May 27th, 2013 4 Pages
Chloe Carr
Professor Blodgett
History 271
May 14 2013
Social Darwinism Shaping Reaganomics Ronald Reagan made many economic decisions that supported his beliefs in Social Darwinism throughout his presidency. Social Darwinism is considered to be the ideas of struggle for existence and “survival of the fittest,” a term coined by Herbert Spencer in order to justify social policies. Over time the individuals with superior biological characteristics will dominate populations that this super species possessed. Couples who possessed these special qualities would then pass them down to their offspring, creating an elite generation in the modern world. Dominic Sandbrook the author of Mad as Hell, The Crisis of the 1970s and the Rise of
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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. Following his less-government intervention views, Reagan cut the budgets of non-military programs including Medicaid, food
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