Unit 1F - In search of the American Dream: the USA, c1917-96
Summary
Summary Reagan Revision PowerPoint
19 views 0 purchase
Course
Unit 1F - In search of the American Dream: the USA, c1917-96
Institution
PEARSON (PEARSON)
This PDF is a simplified revision document for all the subchapters of the Reagan Presidency Theme 5: Reaganomics, Big Government, Social Policy and Revitalised Politics?
This document is a great starting point and foundation for knowledge of the topic, with my complete Reagan notes PDF providing ...
Unit 1F - In search of the American Dream: the USA, c1917-96
All documents for this subject (85)
Seller
Follow
harrisonshaw
Reviews received
Content preview
Reagan revision
Key topics:
• Political scene when Reagan came to power
• Reaganomics
• To what extent was Big Government reduced?
• Social Change
• To what extent had politics been revitalised?
, Political scene when Regan came to power
• Ronald Reagan won the presidency in 1980 at a time when many Americans fe
deep discontent over the state of America's economy, society, and politics. Th
was a nationwide sense of malaise that America’s best days were in the past.
• Economy
• -The 1970s were a difficult time in the United States. Economy, which had
enjoyed its greatest and longest period of sustained prosperity, began to decli
from 1972.
• -Real wages stopped climbing, corporate profits and stock values tanked, and
unemployment and inflation soared.
• -Ordinary Americans faced rising unemployment, falling wages, and higher pri
• Loss of Vietnam War
• - Vietnam War finally ended in 1975 with the defeat of the USA and South
Vietnam. 15 years of conflict and more than 57,000 American lives lost for
nothing.
, Reaganomics
• Reagan believed too much money was spent on welfare policies which he felt made people
dependent on economic handouts.
• He felt people should pay less tax to support what he felt was an over-grown federal governm
• However, he was happy to spend on defence as part of the Cold War. This created massive
deficits in combination with tax cuts.
• Most changes disproportionately benefited the wealthy.
• Reagan pushed through both his budget and tax bill at his first meeting with Congress instead
breaking these into smaller bills across a number of years.
• This gave him legitimacy to make changes straight away. However, without the proper
preparation, there were significant gaps and mistakes. Overall though it was seen as a massiv
success:
• Federal budget to be cut from 22% of GNP to 19% by 1986. Not all cuts were in the document with $74
to be decided on later.
• Deregulation of business and industry
• Personal and business tax reductions
• Control of money supply to limit inflation.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller harrisonshaw. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.15. You're not tied to anything after your purchase.
