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Ronald Reagan 1981=1989.

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Presentation on theme: "Ronald Reagan 1981=1989."— Presentation transcript:

1 Ronald Reagan 1981=1989

2 Liberals in the 80s Help disadvantaged Americans, not social behavior
Support free speech and privacy, not endorse religious beliefs Government should regulate economy Diverse Society Tax wealth

3 80s Conservatives Distrust power of federal government
Support original ideas of Constitution Government should not regulate the economy People should be able to make their own choices

4 Conservative Sunbelt South Carolina, Georgia, Florida, Mississippi, Alabama, Louisiana, Texas, New Mexico, Arizona, Southern Nevada, Southern California World War II Americans moved south and west to take war factory jobs and continued after the war As the economy expanded, Americans living there began to view the federal government differently than the people living in the Northeast 1980 Sunbelt population surpassed that of the Northeast Giving conservative regions of the country more electoral votes and more influence. Southerners shifted their votes to the Republicans

5 Charisma People were drawn to Reagan because he had Celebrity status
Conservative values Charm

6 Iran Hostage Release The Iranian Hostages were released after Ronald Reagan was inaugurated as President of the United States on January 21, 1981

7 Hinckley Assassination Attempt
Only a few weeks into his presidency John Hinckley shot the president in an assassination attempt Mentally ill, Hinckley was enthralled with the actress Jodie Foster He planned to win her over by assassinating a president His first target was Carter, but he did not get close 1981 Fired several shots into Reagan’s entourage Shot Reagan, James Brady, and a police officer Not guilty by reason of insanity Confined to Saint Elizabeth’s Mental Hospital

8 Strategic Defense Initiative SDI 1983
Program to protect U.S. against enemy missiles with nuclear warheads Critic of mutual assured destruction Called it a “suicide pact” Called upon scientists to devise a system that would make nuclear weapons obsolete

9 Star Wars Research for satellites that could shoot down Soviet missiles launched against U.S. Critics: expensive, impractical Nickname for SDI

10 Military Spending Increased military spending
National debt overdoubled 80 billion to 200 billion

11 Reaganomics Belief that making dramatic tax cuts would help business expand and create more jobs

12 (1) reduce the growth of government spending
Reaganomics by William A. Niskanen Reagan's 1981 Program for Economic Recovery had four major policy objectives: (1) reduce the growth of government spending (2) reduce the marginal tax rates on income from both labor and capital, (3) reduce regulation (4) reduce inflation by controlling the growth of the money supply.

13 Deregulation eliminated the Nixon-era price control claiming they constrained the free-market equilibrium that would have prevented inflation removed controls on oil and gas, cable television, and long-distance phone service further deregulated interstate bus service and ocean shipping. 1982, deregulated banking Congress passed Garn-St. Germain Depository Institutions Act removed restrictions on loan to value ratios for savings and loan banks. reduced regulatory staff at the Federal Home Loan Bank Board result, banks invested in risky real estate ventures. Reagan's deregulation and budget cuts contributed to the savings and loan crisis of ushered in the 1990 recession. did little to reduce regulations affecting health, safety, and the environment; reduced those regulations slower than the Carter raised import barriers doubled the number of items that were subject to trade restraint from 12 percent in 1980 to 23 percent in 1988 

14 Reaganomics= supply side economics
The bulk of the cut would be concentrated at the upper income levels. The economic theory behind the wisdom of such a plan was called supply-side or trickle-down economics. Tax relief for the rich would enable them to spend and invest more. This new spending would stimulate the economy and create new jobs. Reagan believed that a tax cut of this nature would ultimately generate even more revenue for the federal government.

15 Positives of Presidency
Boosted American pride Economy prosperous for his term Military spending aided in USSR’s financial collapse Americans liked his conservative values Fall of Berlin Wall

16 negatives Iran Contra Scandal National Debt Doubled
Social Programs Cut Never acknowledged AIDS issue in America

17 Berlin Wall Most viewed Reagan’s speech as a dramatic appeal to Gorbachev to renew negotiations on nuclear arms reductions. one of his most famous Cold War speeches challenges Soviet leader Mikhail Gorbachev to tear down the Berlin Wall Two years later, deliriously happy East and West Germans did break down the infamous barrier between East and West Berlin.


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