Reagan stats Flashcards
what were new federalism policies and their desired impact on USA
policies which promoted more state government instead of federal government intervention - intended to improve the American political system
give 5 examples of key deregulations between 1918-1984
oil and fuel prices (started by Carter)
bus services
cable communications
foreign shipping
natural gas supplies
give 2 examples of councils that would administer deregulation legislation
President’s council on Integrity and efficiency
Presidential advisory committee on federalism
what was the name of the legislation that deregulated bus services
Bus Regulatory Reform Act 1982
what was the name of the legislation that deregulated mortgage lending
Garn St Germain Depository Institution Act - deregulates Savings and Loans institutes 1982
what was the name of the legislation that deregulated banking restrictions
Savings and Loans institutes 1983 (started by Carter)
what happened to the textile industry between 19080-85 due to the policies on trade
deregulation led to foreign import goods rising in price which hit American businesses
250 textile plants were forced to close
300,000+ workers in the textile industry lost their jobs
give 2 ways in which big government was reduced in the short term
success in deregulating the cost of petrol and heating fuel
federal strike force to combat government fraud and waste saved $2billion in 6 months
what were conglomerates
a multi-industry company that contains different and unrelated businesses within to dominate several markets at once
what was the name of the legislation that needed to be passed after the deregulations of banking loans failed
competitive equality in banking act 1987
what was the purpose of competitive equality in banking act 1987
cover the cost of the money lost through closed S&L (covered by the government = gov spending)
how much money had the S&L lost by 1988
$10billion
what legislation was passed after the 1988 property market crash
Bush had to sign the Financial Institutions Reform,Recovery and Reinforcement Act (FIRREA)
how much did the 1988 S&L crisis cost the federal government
$150 billion to set up new federal regulators for the property and banking market
how much did Reagan tell federal government members they should cut down on travel spending
15%
how much welfare spending was cut by Reagan on LBJ’s Great society welfare programmes
$35 billion on projects involved in: school lunches, daycare, education and families
how much did Reagan spend on defence and military
his spending on it increased by 40%
how much did Reagan put aside with the intention on spending on the military and the Star Wars project
$1.2 trillion on a 5 year plan
what was the legislation that passed that involved in cutting taxes
economic recovery tax act (ERTA)
how much did the ERTA cut taxes by in 1981
lowest band: 14% -> 11%
highest band: 70% -> 50%
how much did the 1986 tax changes affect the 2 bands
lowest band: 11% -> 15%
highest band 50% ->28%
how did unemployment stats changes from 1980-1988
1980 = 7.1%
1983 = 9.6%
1988 = 5.5%
how did inflation stats change from 1980-1988
1980 = 13.5%
1982 = 6.2%
1988 = 4.4%
how did the federal deficit change between 1980-1983
1980 = $59 billion
1983 = $208 billion
how much did military spending contribute to the overall federal deficit
28% (rose from 23%)
how many new jobs were created in 1988
18 million
but bad conditions and low pay
how did the amount of people living below the poverty line change between 1979-1983
rose by 25%
how many work programmes were available to the poorer people in January 1987
42 (state run)
how did the amount of social low income housing change between 1970-1985
1970 = 2.4 million
1985 = 3.7 million families who qualified for low income housing were turned away as there were none available
how did the funds for low income housing change under Reagan between 1978-1988
1978 = $32.2 billion
1988 = $9.2 billion
how did funding for the homeless change between 1984-1988
1984 = $300 million
1988 = $1.6 billion
what was the name of the welfare legislation policy which shifted job training from federal to state responsibility
Job training partnership act 1982
what was the name of the welfare legislation policy which set up FEMA and why
McKinney Vento homeless assistance Act 1987
set up FEMA (federal emergency management agency) to deal with the mass homelessness providing money to shelters especially with: elderly, families with children and veterans
what was the name of the welfare legislation policy which provided support and benefits to families
family support act 1988
families were only eligible for benefits if at least 1 parent was working at least 16 hours a week and have finished education and have undergone job training for the state to provide childcare
most families couldn’t afford childcare due to the removal of welfare programmes and the high costs so most weren’t seen as eligible as they couldn’t meet the requirements to get their benefits
what happened to mortgage debt between 1980-1987
it increased by 30%
what happened to rate of foreclosure (amount of people loosing their homes as they failed to pay banks back their loans) between 19980-1987
increased by 4 times the amount
what happened to the amount of leisure hours workers had between 1973-1987
1973 = 26 hours
1987 = 16 hours
how many racial discrimination lawsuits were filed against Reagan in his first 6 months of presidency
5 - compared to Nixon’s 24
what happened to the bilingual funding for education
40% of it was withdrawn as Reagan argued it would increase the chances of people getting jobs the quicker they learnt English
what was the name of the act that Reagan was forced to sign after originally vetoing it
Civil rights restoration act 1988 - a bill to extent the civil rights requirements on organisations and businesses receiving federal funds
his veto was overridden by congress (in a super majority)
this led to Martin Luther King Jr day becoming a national holiday
who did Reagan appoint to the Supreme Court
Sandra Day O’Connor - the first female in the Supreme Court
what happened to farmers in 1983
the suicide rate for farmers was 4 times the rate of any other workers
what was the organisation created by farmers and why was it made
The national save the family farm coalition 1986
created to organise campaigns and highlight the struggling situation small family farms experienced
how many farms were being sold each month in 1983
500 (not good)
how much did Reagan increase military defence spending by
40%
how did the GNP change between 1982-1989
rose by 30%
which act meant that the working poor no longer paid tax
1986 tax reform act
