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☆☆☆☆☆The policy of Reaganomics was based on "supply side" economics (which is often criticized as the "trickle down" strategy) to build economic growth. President Ronald Reagan championed across-the-board tax reduction and cutbacks in spending for social programs such as job education and welfare. The intent of the tax cuts was to leave capital in the private sector where it could be re-invested, rather than being acquired and used by the federal government. The net increase in economic activity would eventually generate tax revenue to compensate for the cuts.
The reactions to this idea are almost always subjective. Many critics decry the reduction in taxes for the richest Americans, who showed significant gains in wealth and hence political power. Supporters of the concept say it is based on the principles of free enterprise, rather than inefficient government involvement through higher taxes, subsidies, and public spending. The support for Reaganomics was divided substantially along the lines of the two major political parties. And as with most governmental policies, it had mixed results for the US economy.
Deregulate industries(apex)
deregulate industry
He told the Russian people that the coup was bad, advised all the people of Moscow against the coup, and openly supported Gorbachev.
The Romanian revolution was violent, and the Czech revolution was not.
He was provoking a lot of protests, sit-ins and demonstrations over the Vietnam war mostly from student groups and his popularity had plummeted.
The O.J. Simpson Trial was an example of infotainment.
Ronald Reagan believed in the principle of trickle down economics.
The United States had invaded the Philippines before they entered the World War 2.
Massive.
Cutting taxes on businesses will encourage them to hire more workers
War in Vietnam APEX
Thomas Jefferson
