source : allnswers.com
What term did historians apply to reagan’s efforts on the economic front? a.) freanomics b.) gippernomics c.) perestroika d.) reaganomics
The term reaganomy is a contraction of the words Reagan and economics that is used to describe the economic policy of the US government chaired by Ronald Reagan during most of the 1980s, based on the theories advocated among others by the Nobel Prize in Economics , Milton Friedman, and whose central objective was to give economic prominence to initiative and individual action against the State. The four pillars of this policy were:
1 Reduce the growth of public spending.
2 Reduce the marginal rates of taxes that taxed labor and capital (Income Tax and Capital Gains Tax).
3 Reduce the regulation of economic activity.
4 Control of money supply and reduce inflation.
It remains a matter of debate to what extent this was because of Reagan’s fiscal policies or how much other factors influenced it, such as the anti-inflationary monetary policy of the Federal Reserve directed by Paul Volcker and a dizzying drop in oil prices caused by the supply crisis in the Middle East.
President Ronald Reagan's Economic Policies – Reagan based Reaganomics on the theory of supply-side economics. Reagan's enthusiasm for the free market did not extend to international trade. During his eight-year term, Reagan brought many well-known economists to the Council of Economic Advisers.Colin Dueck teaches history in the Department of Public and International Affairs at George Mason University. The author of two books on the The author of two books on the evolution of American foreign policy strategy, in this class he led a discussion on President Reagan 's foreign policy. close.They continue, "Council members make actionable commitments aligned with the World Economic Forum International Business Council's Pillars for sustainable value creation—People, Planet, Principles of Governance, and Prosperity—and that advance the United Nations Sustainable Development Goals."
Ronald Reagan's Foreign Policy | C-SPAN.org | Lectures in History – First, many of Reagan's critics and revisionist defenders have distorted his record and the lessons to be derived from it. Second, the contending approaches that Ronald Reagan assailed—unrealistic realism and liberal multilateralism—continue to influence current debates about American grand strategy.Reagan's presidency is credited with generating an ideological renaissance among American conservatives, although some of his policies also During the presidential campaign, reporters posed questions to Reagan about his stance on the Briggs Initiative (also known as Proposition 6), a ballot…Senator Hatfield, Mr. Chief Justice, Mr. President, Vice President Bush, Vice President Mondale, Senator Baker, Speaker O'Neill, Reverend Moomaw, and my fellow citizens: To a few of us here today, this is a solemn and most momentous occasion; and yet, in the history of our Nation…
The Dangerous Alliance of Rothschild and the Vatican of Francis – "Shoring up our democracy is a foreign policy imperative," because not doing so helps Russia and China "sow doubt" about its strengths This is interesting, as Blinken was one of the advocates of the 2003 invasion of Iraq back when he worked as the staff director for Democrats on the Senate Foreign…Deng xiaoping's economic reforms. The 1978 reforms included efforts to boost foreign trade through the establishment fo 12 state companies to control imports "This is to say that because the Chinese did not have the same pattern of urbanization and the development of urban industry as…Historians tend to call Reagan's efforts on the economic front "supply side economics" or "trickle down" economics since he thought money would go from the Reagan's economic policies became known as Reaganomics. His beliefs and ideas for economic policies helped to shape the modern day…