ipl-logo

How Is The Reaganomics Be Used To Change The Economy

809 Words4 Pages

The United States of America is known to be the land of opportunity, and many

presidents tried different kind of methods to change the US economy to the better. The

Reganomics policy which is a policy by president Regan on how to change the course of the US

economy. The Reganomics had good policies that made sense like reducing the growth of

government spending which was a good point in order for the government to save its money.

Reduce the marginal tax rates on income from both labor and capital which could help them pay

less tax, and also reduce regulation which could benefit the people of the US, and also reduce

inflation by controlling the growth of the money supply. This is an important fact because the

growth of the money supply is very important. …show more content…

For example the jobs grew by 43% more under Clinton, and the GDP grew

by 57% more under Clinton. As well the DOW grew by 700% more under Clinton.

The NASDAQ grew by 18 times as much under Clinton, and the spending grew by

28% under Clinton, and 80% under Reagan. DEBT grew by 43% under Clinton, and 187% under

Reagan. NATIONAL INCOM grew by 100% more under Clinton. PERSONAL INCOME Grew

by 110% more under Clinton. These numbers show that Bill Clinton times as president boosted

United States to the better and that had a good impact on his career. Jobs are hard to get and give,

but the Clintonomics made it easy and provided a numerous number of jobs.
Page 3 of 4

So I think that the Clintonomics is better than the reganomics and these numbers

show that. The biggest is that jobs were provided more, and this is a huge thing in every country

and the main thing. His economic policy made jobs more available than Regan did. Clintonomics

impacted America to the better, because the reganomics. Reganomics was good but it had it

cons, and the cons were bad because there were many things that affected the people.

In the end the most important thing is that the people have jobs. In my opinion

Show More
Related

  • Ronald Regan Research Paper Outline

    2074 Words  | 9 Pages

    Ronald Reagan essentially tore down the soviet empire which basically ended the Cold war. Reaganomics was also a big accomplishment during his presidency. This was an economic plan; it included tax cuts, deregulation, and domestic spending restraint. All of this helped the economic situation which essentially lasted two decades! During this economic plan over 16 million new jobs were created throughout the country.

    Read More

  • President Regan In The 1980's

    194 Words  | 1 Pages

    In the 1980’s when President Regan was president, he had such a personality that he made many Americans to believe his conservative ideas. With that we had periods of economic highs, soaring stock market profits which made a lot of people a lot of money. We had a turning point in the Cold War with the Soviet Union, and also had triumphed in American foreign policies. In 1981 Regan formed a coalition with the conservative Democrats and then passes major tax cuts. The people are happy with what Regan is doing and reelects him again in 1984.

    Read More

  • How Did Bill Clinton Raise Taxes On The Wealthy

    369 Words  | 2 Pages

    Bill Clinton raised taxes on the wealthy in the 1990s, and the economy produced faster job growth and higher wages than it did with George W. Bush got rid of taxes on the rich in his first term which contributed to the deficit of our economy. Higher taxes on the wealthy can finance more investments in buildings, roads power supplies and education, which is extremely important for growth and the economic expectations of the middle class. Even if we got rid of corporate welfare subsidies for big oil, big agriculture, and even if we cut back on our defense budget it wouldn’t be nearly enough. Higher taxes on the wealthy will also allow for lower taxes on the middle class which will potentially restore enough purchasing power to keep the economy

    Read More

  • How Did Ronald Reagan Affect The Economy

    1213 Words  | 5 Pages

    Reagan introduced our nation to free markets with less government controls, open doors for the middle class. The tax cuts that was put in place during his term made a lasting impact. Although the tax rates have fluctuated they have not approached the levels that were in place prior to Reagan’s term in office. While today’s top tax rate is 35%, much of Reagan’s cuts remain. With inflation out of control at 13%, Reagan appointed Alan Greenspan as head of the central bank who put tight restriction in place bringing to 4.1%.

    Read More

  • How Did Reaganomics Affect The Economy

    1774 Words  | 8 Pages

    Other economic factors that would become better were the price of oil declined, federal spending decreased by 1989, the value of the stock market would triple, and the standard of living increased and poverty levels declined. All of these are major accomplishments which any president would be happy to just get one of the economic indicators better. All of these would factor into the growth of the economy by about a third in 1989 of its original size in 1980, about the size west Germany’s economy. The average growth of the economy during the 1980’s was about 6-7% per year according to Forbes. Mario Cuomo, a staunch criticizer of Reagan’s would say that, “In many ways we [America] are a shining city on a hill” (Cuomo n.pag).

    Read More

  • Similarities Between Ronald Reagan And The Conservative Resurgence

    557 Words  | 3 Pages

    The Reagan Revolution called for more "individual liberty, less government, and more national defense." As a result of these policies, the "greatest economic expansion in history" occurred.

    Read More

  • What Was The Impact Of Reaganomics

    595 Words  | 3 Pages

    The biggest divide in wealth of the nation was also seen since World War 2. Reaganomics was the cause of this, which was the thought to cut taxes and put the money back to the spender, where they would put into the economy. This was a more free market approach than before. From the beginning of the Reagan presidency, the debt was at 997$ billion dollars, and at the end of his 8 years, the deficit was at 2.85 trillion. However, Reagan still had people tricked because of the way he was able to talk to his listeners and how he was a loved actor and man, but his economics was not.

    Read More

  • How Did Ronald Reagan Affect The Economy

    1161 Words  | 5 Pages

    According to "The Concise Encyclopedia Of Economics Reaganomics" (n.d.), "Reaganomics term was used because it was the way Reagan was able to stimulate the economy like no other president ever could. During the early twentieth century, the poorest Americans were the elderly. The Reaganomics proved that the government could help in improving people's lives ("The Concise Encyclopedia Of Economics Reaganomics", n.d.). Ronald Reagan plan was to end Social Security and allow millions of the elderly to live out their lives in severe poverty with no assistance from the government ("Ronald Reagan", n.d.). Therefore, President Reagan focused his policy agenda on things like cutting taxes, balancing budgets, and withdrawing support from social welfare programs that was provided to citizens.

    Read More

  • What Are Ronald Reagan's Major Accomplishments

    1579 Words  | 7 Pages

    Ronald Reagan was a man of many accomplishments. From starting out as a Hollywood actor to becoming the 40th leader of this country, he was a man of integrity, winning the hearts and minds of many and will forever be one of the most admired presidents this country has ever seen. In the years Reagan was President, he did many good things for the United States which set the course for it to find stability and prosperity once again. Not only was he a shining light in a time of darkness for an America that was buried deeply in what is called “stagflation”, but he went the extra mile to make sure that we were the strong, moving forward, and happy. Ronald “Dutch” Reagan was born February 6, 1911 in Tampico, Illinois.

    Read More

  • Why Was Ronald Reagan Referred To As A Revolution

    1158 Words  | 5 Pages

    Another reason to the success of Reagan’s

    Read More

  • Ronald Reagan's Accomplishments

    826 Words  | 4 Pages

    He was elected when the country was dealing with a very tough economic situation . Many of the problems Reagan acted upon included: high taxes, high unemployment, and high interest rates (“The Second American Revolution: Reaganomics). Relying on his degree in economics that he obtained from Eureka College, he had a simple and effective approach to solving the country’s economic problems. He simply stated during his campaigning that the nation needed to “cut taxes, get control of government spending, and get the government out of the way so that the entrepreneurial spirit of the American people could be unleashed” (“The Second American Revolution: Reaganomics). HIs plan for the economy became known as Reaganomics and the first action he took to execute his plans was to sign the Economic Recovery Tax Act of 1981.

    Read More

  • Ronald Reagan's Accomplishments

    1500 Words  | 6 Pages

    Well, many of you might feel this way about the present state of our economy,” said Ronald Reagn before he falls America about cutting taxes. Ronald Reagan found a way to cut taxes using Reagonomics. A process of eliminating taxes and employing more people. Milton Freedman helped Ronald Reagan cut taxes. “Economic growth is good for just about everyone especially the poor it gives them a ladder out of property for those who aren’t poor who are known as rich thats most of the people in America economic growth gives the options they never have,” said Ronald Reagan as he was explaining economic growth.

    Read More

  • Ronald Reagan Informative Essay

    493 Words  | 2 Pages

    He did this to reduce the money spent so that we would be able to benefit from it. Reagan did make a lot of changes that really helped the people better their money problems.

    Read More

  • Compare And Contrast Ronald Reagan And Bill Clinton

    854 Words  | 4 Pages

    Unemployment rates began to increase. Over time, Reagan had increased taxes 11 times, mainly on the middle class. When Reagan had left office, he had tripled the national debt of United States. This had affected the United States and led to several issues later on. This is the reason Reaganomics had both aided some and destroyed others.

    Read More

  • History Of Reagan's Greatest Inventions During The 1980s

    495 Words  | 2 Pages

    The history of 1980, Many great inventions were created and advanced during this time of period. The invention that improved during 1980 are musical, technology, also political and economic as well. First of all , during this decade president Ronal Reagan’s new economic program was start to take effect.

    Read More

More about How Is The Reaganomics Be Used To Change The Economy

Open Document