Reagan Flashcards
Supply- side economics
If people paid fewer taxes they would save more money
Banks loan to businesses to invest for productivity
National debt
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
Sandra Day O’Connor
First women appointed to Supreme Court
Thurgood Marshall
First African American Supreme Court judge
Geraldine Ferraro
First women on presidential ticket of major party
Reagan and bush won by landslide over Carter and Ferraro
Michael Dukakis
1988 election was him vs George bush
He lost
George Bush
Promised never to raise taxes but did
Deregulation
Cutting back of federal regulation of industry
Removed price controls on oil, eliminated federal health, and safety inspections for nursing homes
Reganomics
Budget cuts; deep cuts in social programs
Entitlement programs intact