Goals of Reaganomics

Very Easy Period 9: 1980–present Reagan Era

During the presidency of Ronald Reagan from 1981 to 1989, significant changes occurred in domestic and foreign policy. Reagan implemented a series of economic policies known as 'Reaganomics,' which included tax cuts, deregulation, and an emphasis on supply-side economics. His administration also took a tough stance against the Soviet Union, which was reflected in increased military spending and a focus on a policy of 'peace through strength.' Which of the following was a primary goal of Reagan's economic policy during his presidency?

To nationalize key industries and increase government control over the economy.

To reduce inflation and stimulate economic growth through tax cuts and deregulation.

To increase government spending on social programs to combat poverty.

To impose stricter regulations on businesses to protect consumers.

Hint

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