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He inherited a country in the middle of a recession from Jimmy Carter. After 2 years, President Regan turned it around and made the USA rich again, although the gap between the rich and poor increased. The deficit also increased, however the President of the USA does not have the power of the line item veto, so the Congress has to take some responsibility for the deficit as well.
What else can I help you with?
What problems did US face after WW1?
economic difficulties
How did Reagan and his hands off style of governing lead to problems?
Reagan left economic and social matters to the people. During Reagan's presidency, the average household debt doubled. It increased from $1 trillion in 1980 to $3 trillion in 1988. In regard to the social aspect, Reagan regarded AIDS as a sin like sex and abortion, so he did not believe it was his job to stop/prevent AIDS.
What economic problems did Central American and Caribbean Nations face after World War 2?
Overdependence on foreign nations and a dramatic increase in population.
President reagan's economic program was based on the theory of?
supply-side economics.
President Reagan's economic policy was known as?
Reaganomics was the name given to Reagan's idea that revenue would be increased if taxes were lowered so that people had more more to spend, thus stimulating the economy.
What was one of the critical economic problems Bush inherited from Reagan?
One of the critical economic problems that Bush inherited from Reagan was the budget deficit. In 1990, the deficit was three times the size in 1980.
What do economics systems of other countries have in common with the US?
They face the same basic economic problems
What kind of economic problems did Britain face at the end of the war?
economic crash
What problems did US face after WW1?
economic difficulties
What problems did the Asian countries face as the worked toward economic development?
financial problems
Did President Reagan fix US economic problems?
President Reagan implemented a series of economic policies known as "Reaganomics," which focused on tax cuts, deregulation, and reducing government spending. These policies aimed to stimulate economic growth and reduce inflation, and they did contribute to a significant economic expansion during the 1980s. However, critics argue that these measures also led to increased income inequality and a larger national debt. Overall, while Reagan's policies had positive effects on the economy, they did not fully resolve all economic problems.
What economic problems do politicians most commonly face?
Inflation and Recession.
Why might a country face economic problems even after a victorious war?
A country might face economic problems even after a victorious war because they don't want communism they, they would want republican presidents.
What do the economics systems in other countries have in common with the economic system of the us?
They face the same basic economic problems
what of these is not one of the five problems all economic systems face?
where will the good be produced
What problems did Woodrow Wilson face when working to rebuild Europe after world war 1?
there was economic problems and he could noy afford it. economic: food, shelter, life.
What problems did Africans face when trying to make economic progress in Atlanta?
Not being a citizen may have caused some problems
