REGAN Flashcards
(28 cards)
what were Reagan promises (5)
- strong leadership
- less ‘big gov’
- moving away from ‘great society’ and ‘liberalism’
- fix the economy
- encouraging rugged individualism
What did he focused on
defeating communism
How is he similar to FDR
- campaigned for radical change
- control federal spending = both failed
- both charismatic people wanting to replace bad presidents
- encouraged rugged individualism
what was ‘supply side economics’?
- emerged in the late 70’s
- where economy was driven by production and encouraged saving
- restraints on production removed- had a ‘trickle down’ economic effect
What did Reagan do in his first moments as president?
- fired white house staff and froze federal government hiring
- said to have froze office furnishing
- used executive orders to set up advisory groups
what does deregulation mean
removing federal control in industry, state and local gov
what 4 points did Reaganomics include
- cutting federal deficit
- personal and business tax reduction
- deregulation
- planned control of money supply (keeping inflation down)
what was positive about Reagan’s attempted assassination
- he bounced back with humor
- created popularity
- gave him more mandate for change
did Reagans policies stop inflation
- money supply restrictions= increase of interest rates, hurt industries buying on credit
- caused unemployment to increase
what happened to people with employment
- more people deemed ‘unemployable’
- some people had no yearly wage or insurance
did his policies increase productivity
yes, in finance but not in manufacturing
what happened to poor and rich people
poorer became poorer while rich became richer
did his policies encourage people to invest
- rich invested due to businesses doing well
- ordinary people didn’t
problems to cut down ‘big gov’ led to deregulation, caused a competitive financial environment - caused stock market crash in 1987
- people lost savings and investments
what was Reagan’s most notable failures
policies NOT reducing the deficit
- this was because of his spending on the military and borrowing from abroad
did policies increase personal wealth?
- tax cuts made people richer
- per capita disposable income grew
was big gov reduced short term?
- cut federal regulations
-brought down cost of petrol and heating
big gov negatives overall
- focused on small details of federal spending, not rising deficit of debt
- showed the media change
what were the problems of deregulation
- small businesses struggled, large businesses bought them out
- businesses set their own standards of physical and financial safety (lower than the gov) due to competition
what two groups did Reagan put into categories and see a difference through
‘deserving poor’ and ‘welfare scroungers’
what was the impact of Reagan on living
- rising interest rates= higher rents and mortgages
- repossession of houses increased
- ‘planned shrinkage’ worsened
what was the impact of Reagan on working
- deregulation on working conditions= hours increased, less time for leisure
- working mothers had to have low- income jobs due to children
what was the impact of Reagan on working young people
- two tier wage structure
- young people had worse contracts than older people working at the same company for longer
How many discrimination lawsuits did Nixon file?
24
How many discrimination lawsuits did Reagan file?
5
