was having an economic crisis due to the rise of inflation and unemployment rates. To fix the crisis, new liberal ideas were being put into effect and most of them failed. Economist like Norman Podhoretz, Irving Kristol, William F. Buckley, and Milton Friedman wanted to bring back the idea of laissez faire and free markets. The free markets were against big government. They believed that the economy will grow by cutting taxes and regulation, by raising interest rates then cutting it, and because of these solutions, it will impact the decreasing of inflation and raise an increase in employment. President Reagan created “Reaganomics” which will depart from economic policy due to the issue of huge government spending and social programs. The Supply Side economics had tax and spending along with regulation cuts. The tax cut was about 25% and most of this went to the top 20%. The U.S. had $685 billion in the budget but a majority of it was spent on social programs. In 1982, the unemployment rate goes up to 11% which made inflation fall and in ‘83 there was an uneven economic boom. The reality of the situation was that money went to massive military spending, and the reduced taxes brought more spending which made the unregulated economy grow less stable. By the time Bush was president, unemployment in ‘92 was 11%. Clinton is now president and he is the one that has to fix the problem that has troubled the U.S. for many years. Clinton believed that “the era of big …show more content…
Jimmy Falwell created the Moral Majority which believed in religious rights and they pushed for legislations that would ban abortion and ban the states' acceptance of homosexuality. In the 50’s an ideal women was a housewife with a clean dress with pretty makeup and jewelry but this information was not accurate because most women were working. It wasn’t until after WW2 that women started to work and 40% of the women worked outside of the home. They tended to work in feminized professions such as a secretary, teacher, and or nurse and the reason for this was because they wanted to keep up with the “American Dream.” Many women before was afraid to have premarital sex because women were afraid of getting pregnant. When the invention of birth control pill was invented it created a comfortability for women in a way that women can work and continue to pursue their education. It also encouraged women to be involved in the Sexual Revolution. Betty Friedan wrote the Feminine Mystique about how women should be the same as men. They had an National Organization for Women (NOW) that helped women get equal pay, reproductive rights, and get rid of sexual harassment. The Roe vs Wade was an abortion case that stated that in the first trimester that a women can have an abortion, in the second trimester the state will put limits, and in the third trimester you can’t have an abortion