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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
Soybeans are better for the soil than corn.
The Chinese government had to reveal more about its internal and external economic policies in order to join the WTO. The Chinese government has never been open about its policies to the West, but membership in the WTO forced them to be.
(apex) A few decades ago, China would not allow outsiders to see what it was doing. It forced china to be less secretive.
.Increased imports from China.
To move the USSR toward a market economy
To move control of business away from the central government.
Preventing a nuclear war
The citizens of the soviet union were unhappy with their government because they spect too much of their money on the military.
Operation Desert Storm,the Persian Gulf War, was not an attack on American interests by Al-Qaeda.
That international business is not limited by tariffs or quotas
Fewer environmental restrictions
Cutting taxes on businesses will encourage them to hire more workers. (Apex)
the cost of nuclear fuel was low - Apex
The U.S. government increased its investment in researching alternative fuel sources.
The workers who produced these goods are paid more money.
Using more air conditioning in the summer - apex
