How Did Ronald Reaganomics Affect The Business World

The Yuppie generation was a whole new breed to that of the older generations. They weren't looking to settle down and live the easy; instead, they were aiming higher than their counterparts. To succeed meant that you had to throw away the old world ideology that had governed the market and accept the insanity that was the economy; a new standard was set for business in America. Most worked longer hours a week and were often seen as stressed, narcissistic individuals who had little time to relax and lacked the ability to form meaningful relationships. However, many people at the time period were often characterized as cold, meticulous, pragmatics and elitists who cared for only themselves and their own group of “higher” society members. The promise of wealth and fortune had pervaded American society and this all could be attributed to the success of Ronald Reagan's Voodoo economics. At the end of the day, Reaganomics proved itself to be true and people were able to be more frivolous with their spending, so much so that a whole culture was born from it.

In truth, Reaganomics had helped the upper middle class to higher income individuals who were already well-off, to begin with. President Reagan's economic policy was heavily supplied by the money saved on the numerous social programs that were cut. While the wealth was supposed to inevitably, “trick down” to the poorer members of society, it rarely ever did. So, while Reaganomics did help to birth a new culture of rich entrepreneurs and business workers; it also severely attacked the disenfranchised and struggling of our