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Ronald Reagan sought to change the U.S. economy through a series of policies known as "Reaganomics," which emphasized tax cuts, deregulation, and reduced government spending. He believed that lowering taxes, particularly for businesses and high-income earners, would stimulate investment, create jobs, and ultimately lead to economic growth. Additionally, Reagan aimed to reduce the size of government and eliminate regulations that he argued stifled economic activity. His policies contributed to significant economic expansion during the 1980s but also led to increased income inequality and national debt.

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AnswerBot

2mo ago

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