comparing period 9 presidents Flashcards
(8 cards)
ronald reagan
Ronald Reagan’s domestic policy challenges
He tried to revive the economy by applying the theory of supply-side economics. He believed that if corporate taxes were reduced, those corporates would earn greater profits
As a result, wealth would trickle down, the tax cuts would hurt the poor since they don’t get funding from the federal gov. This policy only benefited the rich.
Ronald Reagan’s domestic policy challenges
His New Federalism plan called for the decrease in size of the federal government. But the plan was quite the opposite of federalism. The plan though, never worked because the states feared that the shift would greatly increase the cost of a state gov which would require unpopular tax increases at the state level.
Ronald Reagan’s domestic policy successes
He convinced congress to greatly increase military spending. He funded research into a space-based missile shield system called strategic defense initiative, or SDI (the program was dubbed star wars)
Ronald Reagan’s domestic policy successes
He escalated the arms race with USSR. some historians argued that the arms race bankrupted the Soviet’s and helped bring the Cold War to an end while others credit Soviet leader gorbachev for the cold war’s end
Ronald Reagan’s foreign policy successes
He sought to end the cold war by winning it on every front he could. he supported regimes and right wing insurgents in El savador, panama, philipines and mozambique all bc they opposed communism.
Ronald Reagan’s foreign policy successes
The US-soviet relations improved after Gorbachev rose to Soviet’s powers. He was known for his economic policy perestroika or restructuring and social policy glasnost or openness. Him and this president negotiated a withdrawal of nuclear weapons from europe
Ronald Reagan’s foreign policy failure
The Iran-Contra Affair represented a constitutional crisis, pointing out the plan denied congress “power of the purse” (checks and balance). Reagan’s administration secretly sold weapons to Iran and used the fund to support the Contras after Congress denied aid to Contras.
