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Luke M. Swomley

Reaganomics To what extent was Reaganomics effective in stimulating the economy and solving the nation's problems? Include positive and negative effects. Luke M. Swomley. Pro. Reduced Inflation 25% tax reduction Interest Rates fell. Pro. Unemployment decreased Less government spending.

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Luke M. Swomley

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  1. ReaganomicsTo what extent was Reaganomics effective in stimulating the economy and solving the nation's problems? Include positive and negative effects. Luke M. Swomley

  2. Pro • Reduced Inflation • 25% tax reduction • Interest Rates fell

  3. Pro • Unemployment decreased • Less government spending

  4. Pro • Economy increased by 1/3 • Corporate tax cuts set precedent for later presidents • Income raised by 18%

  5. Con • Debt nearly tripled • Bank Failure

  6. Con • Trade deficit quadrupled • Trade barriers enacted which hurt economy • No new legislation on health, safety, environment

  7. Conclusion • raised income • Lowest 20% prospered not suffered • middle class shouldered the majority of the tax burden

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