Reaganomics and Economic Policy

Medium Period 9: 1980–present Reagan Era

During the 1980s, under President Ronald Reagan's leadership, the United States experienced significant changes in both domestic policies and foreign relations. One key aspect of Reagan's presidency was his approach to the economy, often referred to as Reaganomics. This economic policy emphasized tax cuts, deregulation, and a focus on supply-side economics, which aimed to stimulate growth by improving the conditions for producers. Reagan's foreign policy also marked a shift, particularly in how the U.S. engaged with the Soviet Union, as well as conflicts in Latin America. Additionally, social issues saw considerable debate throughout this era, particularly regarding the women's rights movement and the ongoing discussions around civil rights.

Considering the various elements of Reagan's policies during this period, which of the following best reflects his approach to the U.S. economy?

Increased taxation on the wealthy to promote equitable wealth distribution.

Adopted a policy of deregulation to boost business investment and economic growth.

Expanded government spending on social programs to combat poverty.

Instituted tariffs on foreign goods to protect American jobs.

Hint

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