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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
Some ways that Martin Luther King reacted to the Black Power movement:
- He felt that violence would not help achieve civil rights
- He thought that the violence that they believed in was morally wrong
- He felt that alienating white civil rights activists was a mistake
The New Frontier.
He created the Reagan Doctrine.
Panama was the world's largest flag state for oil tankers, with 528 of the vessels in its registry. Six other flag states had more than 200 registered oil tankers: Liberia (464), Singapore (355), China (252), Russia (250), the Marshall Islands (234) and the Bahamas (209).
Some have criticized elements of Reaganomics on the basis of equity.
Abortion rights.
Cutting taxes on businesses will encourage them to hire more workers. (Apex)
the cost of nuclear fuel was low - Apex
He appointed Justices who held conservative political beliefs.
The us illegally used the money from the sales to fund Nicaraguan rebels. (apex)
Cutting taxes on businesses will encourage them to hire more workers
He wanted the nation to concentrate on domestic affairs
The U.S. government increased its investment in researching alternative fuel sources.
Nixon resigned before he could be impeached. -Apex
inflation-apex
High gas prices and oil shortages.
The use of VCRs
Apex-
He took both liberal and conservative positions on issues. - Apex
He supported the "Don't ask, don't tell" policy for the U.S. military (got it right on apex)
Higher prices because of shipping
