The successful reduction of federal budget deficit encouraged wall street which allowed the creation of 22 million jobs ( the highest number ever under a single administration) and reduced the unemployment rate from 7.3% on January 20, 1993 to 4.2 on January20,2001 (Appendix B), which explain the decrease of the poverty rate. He also maintained a GDP average growth rate of 3.8 which could be considered as a good result, comparing to the precedent presidents after the Second World War only 3 of them performed better than him. We can mention Truman (4.8), Kennedy (5.2) and Johnson (5.1). Plus, Federal spending decreased from 22.2 percent of GDP in 1992 to 18.4 percent in 2000. According to the Washington Post the inflation rate was stable during bill Clinton presidency.
Lowering tax rates was another economic change that people said lead to the recovery. Unemployment went from 10.8 percent in December of 1982 to 7.4 percent in December of 1984. Inflation fell from 10.3 percent in 1981to 3.2 percent in 1983. Industries that were hit the hardest during the recession made dramatic improvements; these industries were paper and forest products, rubber, airlines, the auto industry, construction and manufacturing, and the savings and loans industry. During the recession and towards the end of the recession in 1983, President Ronald Regan’s approval ratings were at an all time low.
Ronald Reagan found many ways of bringing the government back to what the founding father imagined it to be. As president he cut the budget and ended the Cold War. He got many United States citizens revert to the conservative way of thinking. “Republicans believe every day is the fourth of July, the Democrats believe every day is April15th.” Ronald Reagan created a way of thinking that brought the government to its knees. (Web article from Time) He brought down the budget and told the soviets no more.
Over the 30 years following World War Two, despite only achieving surpluses twice, debt as a percentage of GDP fell from 120% to just 20%. This era would become known as the golden age of the American middle class. During the 1980s, the political winds shifted. Ronald Reagan cut taxes, allowed more private campaign contributions, used republican control of the house and senate to deregulate, and inflated defense spending. He did later rescind some of these changes because he realized they were
Because of it we lost 269 innocent lives that cannot be replaced. One little mistake of auto-pilot and hundreds lost by the Soviets. The U.S.S.R. made excuses and made up stories to not get in trouble for a week even though The U.S had proof of the stories being made up and the Korean plane making a mistake on accident. In the end the Soviets did fess up and said in a conference that the Soviet Union shot down the Korean airline flight 007 and would do it again if need be or if they wanted to so be careful where you
Step three was to reduce regulation, and reduce inflation by controlling the growth of the money supply. These policy changes, were expected to increase saving and increase economic growth. This created one of the largest tax and budget cut America had ever seen, within two years inflation was at its lowest, and unemployment rates were incredibly low. Reaganomics ended up being very successful and ended
He bestowed upon Goering the title of ‘Marshal of the Empire’ in 1940. However, Goering lost his titles and position in April of 1945, in the last year of the war. He tried to take his place as Hitler’s successor, after believing that Hitler was politically disabled in Berlin, but the leader of the Third Reich retaliated by quickly placing Goering under house arrest. After Hitler committed suicide on April 30th, 1945, Goering quickly surrendered to the Allied Troops and was tried at Nuremberg, Germany. He was sentenced to a death by hanging, but escaped the indignity by committing suicide.
Secrecy played a big part in the Cuban Missile Crisis. President Kennedys got Khrushchev to remove the missiles out of Cuba, but in reality he also removed missiles out of Turkey and Italy confidentiality. This resulted in the embarrassment of Chairman Khrushchev and the Soviet Union since no one knew of the ordeal other then the leaders of both countries; it seemed as if the Soviet 's were retreating from the problem they had started. The withdrawal of the missiles from Turkey and Italy by the United States, were not made public, it was a secret deal between the two leaders that would occur within a short time after the crisis was over. After the quarantine went into effect, Khrushchev sent a personal and emotional letter to the President on Friday, October 26.
The President Reagan 's primary focus was to remove communist from Nigeria included financing the freedom fighters, CIA role in the arms sales for funding the anti-Communist rebels who are fighting the Soviets in Nigeria, and the Iran-Contra affair. Instantly after Ronald Reagan took office in 1981 (p6-7) many of the influential policy makers suspended and then canceled the
My thesis was correct because Bobby made a big impact in ending the Cuban Missile Crisis. If he did not suggest the idea of writing a letter to Nikita S Khrushchev, a nuclear war could have struck between Cuba and the United States. By writing the letter, Robert helped by preventing a war between the two countries, saving many people’s lives. He thought of a peaceful yet effective idea, which most people can not do. Once John was assassinated in 1963, Robert decided to campaign for the New York Senator in 1964.