The Influence of Political Debates on Affirmative Action

736 Words Jan 14th, 2018 3 Pages
It is reported that gains made by African Americans during the decades of the 1950's, 1960's, and 1970's "failed to produce a consensus for goals and tactics for the end of the millennium." (Walsh, 2005)
The black middle class expanded in the 1980s and the economic boom during the Clinton administration resulted in many blacks leaving the poverty rolls and entering the workforce. However, during the Reagan era it is reported that he began "a destructive spiral of concentrating wealth in the hands of fewer people and deregulating business that culminated in the economic crash we're still digging out of today." (Walsh, 2005) In addition, the banking deregulation act signed by Reagan set into motion the savings and loan scandal effectively "foreshadowing the repeal of the Depression-era Glass-Steagall banking regulations a decade later. In addition, it is reported that rather than paying workers higher wages that 'Big Capital, instead"¦figured out how to make more money by lending them that cash to stay in the middle class." (Walsh, 2005)
During the Reagan…

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