Aim #81: What was the Reagan Revolution? Do now! Read the “Crisis of Confidence” (Malaise) speech by President Carter (that you picked up yesterday) and.

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Presentation transcript:

Aim #81: What was the Reagan Revolution? Do now! Read the “Crisis of Confidence” (Malaise) speech by President Carter (that you picked up yesterday) and answer the accompanying questions

(I) Rise of the Conservative Movement a.Election of 1980: Ronald Reagan wins in landslide over Carter (incumbent) b.goals of movement: smaller government, lower taxes, personal autonomy, and more aggressive policy toward Communist states c.Conservative movement reaction to: 1.New Deal and Great Society liberalism and welfare state (too much dependence on the federal government) 2.Feminism 3.Legalization of abortion in Roe v. Wade case 4.Expansion of gay rights 5.Affirmative action policies d. Belief that these values undermined: 1.Family and traditional values, work ethic, And national security e. “Moral Majority: founded by Jerry Falwell

(II) Reagan and the Economy a.Favored supply-side Economics (Reaganomics) 1.Enacted tax cuts for the rich 2.Idea of trickle-down economics (Coolidge and Hoover too) 3.Supported deregulation (led the market dictate prices and what is produced, not the government) b. Federal budget NOT balanced under Reagan 1. Increased $ spent on defense and tax cuts