Ronald Reagan Reaction Paper

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.

The country was billions of dollars in debt. Lowering the government's income by lowering taxes would only make this worse. But Reagan believed that lower taxes would help the economy. With a stronger economy, people and businesses would make more money. These increased profits would mean more taxes would be paid because the extra money would be taxed. The economic program Reagan implemented during his presidency became known as Reaganomics. This approach to healing the economy focused on low taxes, fewer and cheaper government programs, and high military spending. Reaganomics was intended to keep inflation down. The president believed his program was the best way to rebuild America's failing economy. (Benson 79)

    During Reagan’s presidency he took economics seriously. He made efforts to lower Government spending as well as regulation, taxes, and prosperity. He would lower government expenditure because it would create room to decrease taxation. By decreasing income revenue it created more money for people to spend which would stimulate the economy. Reagan fought hard for helping out the economy.

It is even abnormal for the rate of inflation to reach double digits. In fact, most of the time the rate of inflation stays below 5 percent. In addition to the increasing rate of inflation, the unemployment rates were at 7.6 percent (Marsico 62-63). The nation did not like this because more people were out of jobs, yet the cost of products were continuing to increase. Reagan’s plan was to have Congress embrace financial policies, decrease government spending and reduce its regulation of business. Most people know this plan as Reaganomics. His whole plan relied solely on the Economic Recovery Tax Act, which cut taxes over a three year period. The reason he relied on the recovery tax act was because he wanted the act to help people save money (Marsico 63-64). He wanted people to save money so that they could pay bills and taxes; in the long run, if people save money, it helps the government. Also, it would help people invest in the stock market and

When Ronald Reagan became the president of the United States in 1980, he took on the worst economic mess since the Great Depression. The United States was involved with the Cold War with the Soviet Union, mortgage rates were two and a half times that of the amount in 1960 (15.4%), seven million Americans were unemployed, the national debt was $934 billion dollars, and tax rates skyrocketed as high as seventy percent (Reagan, “The State of the Nation’s Economy” 290). Reagan’s predecessor Jimmy Carter planned to fix this dreadful economy of the 1970s with a tax increase of fifty billion dollars, whereas Reagan knew that the best way to fix the economy was with tax decreases. Under the Reaganomics program, “tax rates were to be cut by thirty percent. Tax revenues were to be reduced by forty-four billion dollars in 1982 and eventually result in a $500 billion reduction over the next five years. Never before in the history of the nation had a president proposed reducing taxes by so much for such a long period of time” (Wilson 25). Reagan’s tax cuts involved a greater decrease for the wealthy, but everyone else also received massive tax relief. Reagan’s idea was that when the

Ronald Reagan was a very popular person before, during, and after his time of presidency. He went from a mere radio announcer, to the head of the United States of America. Ronald had defeated most of the world’s problems with Communism, improved the economy, and handled terrorist threats like a pro. Ronald quickly took America’s heart with his honorable deeds and doings. He was very famous by the time he became deceased. (Ronald Reagan Facts.)

Reagan believed that a large and expanding federal government was a hindrance to freedom and justice because it endangered individual liberties. His stance on individual liberties remained

For my project I chose Ronald Reagan, his full name Ronald Wilson Reagan. The 40th president of the United States. A man who started as a young radio announcer and actor, moved on to be what some consider one of the greatest presidents of all time. He was always interested in politics, but his life before presidency would claim he was not the right fit for a president. He was an honest man, with a bright future ahead of him. Although he never expected to be president, he was well fit for the job. He went through some struggles before presidency. Including marriage, jobs, and some other things. He also went through some hard times during his presidency. When he ran against Gerald Ford in 1976,

Introduction Reagan, Ronald Wilson (1911- ),the 40th president of the United States (1981-1989), enforced the policies that reversed a general direction of movement toward greater government involvement in economic and social regulation. Reagan as the younger of two sons, was born in Tampico, Illinois and spent most of his childhood in Dixon, Illinois. After studying at Eureka College,a small Disciples of Christ college near Peoria, Illinois, he majored in economics, and became the president of the student body, a member of the football team, and captain of the swimming team. He had special drawings toward acting, but after the graduation in 1932 the only job available related to show business was as a local radio sportscaster. In 1936 he

Ronald Reagan was born on on February 6, 1911 in Tampico, Illinois. His parents, John Edward Reagan (father) and Nelle Wilson Reagan, along with his one sibling, Neil Reagan (older brother), lived in an apartment of a commercial building. While Reagan was in school, he became fond in sports, particularly football, track and became the captain of his swim team. He also took an interest in acting and many different extracurricular activities. While still young, Reagan worked many jobs to help support his family. One of these jobs were lifeguarding. He lifeguarded at Rock River and reportedly saved around 70 swimmers. Reagan also became

During the beginning of the Reagan presidency, Cold War pressure between the Soviet Union and the United States boosted. Reagan entered office deeply cautious of the Soviet Union. Reagan characterized the Soviet Union as "an evil empire" and called for a space-based missile defense system, battered by critics as "Star Wars."

Ronald Reagan came from humble beginnings. He was born on February 6, 1911 in the town of Tampico, Illinois. His parents were Jack and Nelle. Jack Reagan was an unsuccessful salesman who was also known as an alcoholic. His mother, Nelle Wilson Reagon was a devout farmwoman who raised Ronald and his older brother, Neil, in the Disciples of Christ Church despite their father 's Catholicism. The family moved frequently, sometimes in response to new job opportunities, sometimes after Jack had been fired because of his drinking. In 1920 they settled in Dixon, Illinois, where Jack became the proprietor and part owner of a shoe store (Reeves 2).

President Reagan wanted America to govern itself. He felt that when some prosper it would trickle down to all. He especially did not believe in big government spending programs. With his less government views

I have decided to write my research paper on the topic of Ronald Reagan's Domestic and Foreign Affairs. The reason that I choose this topic was because I have always been personally interested in Ronald Reagan's time in office and the national crisis he had to deal with. Reagan was awesome when it came to foreign policy because he knew how to negotiate with foreign leaders and their countries to get what he wanted. There were several instances during his time in office that he had the chance to use his ability to get the country out of danger. Domestic Affairs is another part of Reagan's presidency that was very important. He was able to take the country, which seemed to be in an economic slump and turn their economic status around.