USA REAGAN Flashcards
what where the reason that americans thought there country was drifting from carter
- many said the ussr would become the next super power
- energy crisis economic decline and rising crime
what was regans aim
supply side economics to curb inflation
reduce the budget defecit
lower taxes rejuvinates the economy
increase in defence speding
he aimed to give money to the truley needey like diabled and child barers which reduced the amount of money gained from cutting wealfare bugets
what was the economic recovery tax act 1981
reduced taxes
35.2 billion taken out due to budget cut mainly of welfare programmes
what where the problems in 81 and 82
-deficit doubled to 110.6 billion
national debt went above 1 trillion
-tax equity and fiscal bill 1982 reversed some business tax concessions increased
- lead to mass loss of joibs
what where the sucsess of regans policy by 1983
increases in jobs and lower unemployment due to 1.5 tillion being spent since 81
how many millionaris where there in 1988
1.3 million 574,000 in 1980
how many billionaris where there in 1987
47 billionaires
how much did inflation fall in 1982
13.5 to 6.2 percent
hoiw did unemployment fall incomparison to carter
45% Reagan
27% carter
how many jobs where created between 19883 and 1989
18 million
what was the national debt in 1986
2 trillion
what was unemplyment inequality around the USA
5.6% in calafornia and east coast
7.8 percent rest of the country
they had75% of the new buisness in these regions and 60% of the new jobs
what happened due to de regulation n
places like boltamore and cleavland 20% of the population lived below the poverty line
due to increase in foreign competition in business
when where foreign imports deregulated
1984
when where fuel prices de regulated
1981
