14 Far-Reaching Reaganomics Pros and Cons
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What was Reaganomics, and what were its most important long-ter... | Filo
What was Reaganomics, and what were its most important long-ter... …
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Reaganomics, refers to the economic policies implemented by President Ronald Reagan during the 1980s, which emphasized tax cuts, deregulation, reduced government spending, and a tight monetary policy to stimulate economic growth. The effects of these policies severely impacted the working class, particularly the working poor. It set in motion the down spiral for the middle class, inequality and transfer of wealth towards the rich. In 1981, Reagan enacted significant budget cuts and eligibility r
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