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

Luke M. Swomley

slide2
Pro
  • Reduced Inflation
  • 25% tax reduction
  • Interest Rates fell
slide3
Pro
  • Unemployment decreased
  • Less government spending
slide4
Pro
  • Economy increased by 1/3
  • Corporate tax cuts set precedent for later presidents
  • Income raised by 18%
slide5
Con
  • Debt nearly tripled
  • Bank Failure
slide6
Con
  • Trade deficit quadrupled
  • Trade barriers enacted which hurt economy
  • No new legislation on health, safety, environment
conclusion
Conclusion
  • raised income
  • Lowest 20% prospered not suffered
  • middle class shouldered the majority of the tax burden
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