Reagan's Economic Policy

Easy Period 9: 1980–present Reagan Era

During the presidency of Ronald Reagan from 1981 to 1989, significant changes occurred in American domestic and foreign policy. One of the defining characteristics of Reagan's presidency was his approach to economic policy, which emphasized tax cuts and deregulation. Additionally, his administration was marked by a strong anti-communist stance in foreign affairs. Reagan's policies have since inspired both support and criticism.

Which of the following policies was a defining feature of Reagan's economic approach, often summarized as 'supply-side economics'?

Increasing tax rates on the wealthy to fund social programs.

Implementing significant cuts in income taxes for individuals and businesses.

Expanding government regulations on industry and labor.

Nationalizing key industries to control prices and production.

Hint

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