RONALD REAGAN ECONOMIC POLICIES

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RONALD REAGAN ECONOMIC POLICIES

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Introduction

• Ronald Reagan, the first United States
  Conservative president for at least 50 years,
  fought against the most awful downturn since the
  vast depression.

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RONALD REAGAN ECONOMIC POLICIES

• He pledged the Reagan Revolution that was sought
  to reduce government expenses, regulations and
  taxes. His attitude was that the government was
  the source of their problem rather than the
  solution.

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RONALD REAGAN ECONOMIC POLICIES

• Reagans economy was a mixture of both
  double-digit inflation and double-digit economic
  retrenchment.
• To fight recession, he forcefully decreased taxes
  from 70 percent to 28 percent for the high income
  tax rate and 48 percent to 34 percent for
  business tax rate.

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RONALD REAGAN ECONOMIC POLICIES

• Reaganomics is the name given to Reagans
  economic policies. His policies were based on
  supply side economics theory that states
• Decrease on tax boosts economic growth enough and
  as a result, tax base is broadened.

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RONALD REAGAN ECONOMIC POLICIES

• In spite of Reagans delivery on all policy
  objectives made, not all were met according to
  their expectations.
• The annual growth in real federal expenditure
  during the Carter administration decreased from 4
  to 2.5 during his administration.

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RONALD REAGAN ECONOMIC POLICIES

• Besides, the development of defense expenditure
  was higher during Reagans first term as compared
  to what he had planned during the 1980 operation.
  The economic expansion was a bit slower than
  anticipated.

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Conclusion

• As a result of Reagans economic program, a
  significant growth in financial conditions was
  experienced though there were no abolished
  agencies, no major national programs and no
  Reagan revolution.
• This is an excerpt from a term paper on Ronald
  Regans economic policies written by one of our
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