1. Economics Reganomics
When Reagan cut the taxes for wealthy individuals and business" he believed that it would contribute to a stronger base economy, in turn the benefits of a strong base economy would "trickle down" to reach everyone, even the poorest Americans. ... The U.S also experienced an unprecedented export boom in the 1980's which turned out to be the longest economic boom in U.S history. ... (Ture 39) This is proving that social programs were not hurt under Reagan. ... Rather than being a tax and spend economy, the Reagan administration lended itself to a borrow and spend economy that produced many ...
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