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Reagan’s Economic Policies

Reagan’s Economic Policies. When Reagan was elected in 1980, he sought to implement conservative economic reforms These reforms depended on the “Trickle-Down” theory in which assistance provided to the wealthy would improve the economy as a whole and, eventually, “trickle down” to the poor

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Reagan’s Economic Policies

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  1. Reagan’s Economic Policies

  2. When Reagan was elected in 1980, he sought to implement conservative economic reforms • These reforms depended on the “Trickle-Down” theory in which assistance provided to the wealthy would improve the economy as a whole and, eventually, “trickle down” to the poor • Reagan’s economic policies, called Reaganomics, consisted of three parts: • Budget Cuts • Reagan’s goal was to reduce government spending • Particularly targeted social welfare programs that aided the poor, left those that helped the middle class mostly alone • Tax Cuts • Reduced taxes by 25% over a three year period • Most tax reductions went to those with high incomes • Felt that reducing tax rates would boost the economy so much that actual government income would not drop • Increased Defense Spending • The budget for the Defense Department doubled in Reagan’s first term • Pushed the Strategic Defense Initiative (SDI), popularly known as “Star Wars,” whose goal was to shoot down enemy ICBM’s

  3. Unemployment Guiding Question: Were Reagan’s economic policies effective? • Look at the graph of unemployment rates and come up with a main idea to answer the guiding question

  4. Debt Guiding Question: Were Reagan’s economic policies effective? • Look at the graph of debt as a percentage of GDP and come up with a main idea to answer the guiding question

  5. Per Capita Income Guiding Question: Were Reagan’s economic policies effective? • Look at the graph of per capita income and come up with a main idea to answer the guiding question

  6. Income by Class Guiding Question: Were Reagan’s economic policies effective? • Look at the graph of income growth by economic class and come up with a main idea to answer the guiding question

  7. SCR Practice Guiding Question: Were Reagan’s economic policies effective? • Write a topic sentence to answer the guiding question

  8. SCR Practice Guiding Question: Were Reagan’s economic policies effective? • Write a conclusion to answer the guiding question

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