7/29/2019 UOPX WK7 HIS135 Assignment Decade of Greed

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Decade of Greed

Reaganomics

Evonia Hogan

Carl Schaffer

Axia College at University of Phoenix

HIS 135 The American Experience Since 1945

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Introduction The 1980s were seen by many as one long consumption

binge created by the Reagan Administration.

The desire to increase conservative control introducednew policies, to be later known as Reaganomics.

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Overview Economic Impact

How Reaganomics changed the economic status for all.

Social Impact How these changes affected Americans social attitude?

Political Impact

What changes were made as a result of the Reaganomics political

attitude.

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Economic Impact 1983 marked the beginning of an economic expansion that

lasted through Reagans presidency.

Productivity in the manufacturing sector increased at a 3.8percent annual rate.

Real median family income grew by $4,000 during the Reagan

period after experiencing no growth in the pre-Reagan years.

Income tax rates of the top personal tax bracket dropped from70% to 28% in 7 years.

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Social Impact Every income group, from the richest, middle class and

poorest in this country, grew its income (1981-1989).

Incorporated the realization that immigrant workers are a keyand vital component of the US economy.

A net job increase of about 16 million also occurred (about the

rate of population growth).

The generosity of the American people increased as a result oftheir new found tax brackets status.

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Political Impact Reaganomics led the conservative tide with a program to limit

the power of labor unions.

Conservative appointments to the federal judiciary and theSupreme Court .

Reaganomics pressed to restore traditional religious and social

values.

The increasing of limits on government intervention in theareas of civil rights, affirmative action, abortion rights, and the

separation of church and state.

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Conclusion The present recession is a direct result of the Reaganomics

policy implementation.

The extravagances, insanities and disregard for the lowerincome citizens opened the door for Americas recession.

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Resources William A. Niskanen (1993). "Reaganomics." The Concise

Encyclopedia of Economics.. Library of Economics and

Liberty. Retrieved October 13, 2009 fromhttp://www.econlib.org/library/Enc1/Reaganomics.html

Wikipedia contributors (2009, October 10). Reaganomics In

Wikipedia, The Free Encyclopedia.. Retrieved October 13,

2009, fromhttp://en.wikipedia.org/w/index.php?title=Reaganomics&oldid

=320669256

http://www.econlib.org/library/Enc1/Reaganomics.htmlhttp://en.wikipedia.org/w/index.php?title=Reaganomics&oldid=320669256http://en.wikipedia.org/w/index.php?title=Reaganomics&oldid=320669256http://en.wikipedia.org/w/index.php?title=Reaganomics&oldid=320669256http://en.wikipedia.org/w/index.php?title=Reaganomics&oldid=320669256http://www.econlib.org/library/Enc1/Reaganomics.html