Reagan Flashcards

1
Q

Supply- side economics

A

If people paid fewer taxes they would save more money

Banks loan to businesses to invest for productivity

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2
Q

National debt

A

Climbs bc federal spending more than federal revenue
Reagan backed away from supply side and imposed new taxes
Tax cuts helped rich, social welfare cuts hurt poor

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3
Q

Sandra Day O’Connor

A

First women appointed to Supreme Court

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4
Q

Thurgood Marshall

A

First African American Supreme Court judge

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5
Q

Geraldine Ferraro

A

First women on presidential ticket of major party

Reagan and bush won by landslide over Carter and Ferraro

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6
Q

Michael Dukakis

A

1988 election was him vs George bush

He lost

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7
Q

George Bush

A

Promised never to raise taxes but did

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8
Q

Deregulation

A

Cutting back of federal regulation of industry

Removed price controls on oil, eliminated federal health, and safety inspections for nursing homes

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9
Q

Reganomics

A

Budget cuts; deep cuts in social programs

Entitlement programs intact

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