How Did Ronald Reagan Influence The Economy

No other president of the twentieth-century had a more effective and enduring influence than the 40th President of the United States, Ronald Wilson Reagan. He accomplished more than he set out to do. And, he accomplished much more in his eight years of presidency than most presidents of the twentieth-century.He was quite successful at home, and abroad. He worked to revive the economy, to win the Cold War, and to bring back the idea of exceptionalism to America.
One of the most significant factors of Ronald Reagan’s first, few months in office was his courageous effort to transform the country’s economic policies. Reagan’s administration created a policy called “Reaganomics”, or “trickle-down” economics, which sought to cut taxes for the upper, middle, and lower classes to stimulate the economy. He reduced taxes to return the wealth to the working middle class. Instead of handing
And, in return, consumerism rose, and money was immediately invested into the country’s economy (President Profiles). Also, Reagan’s “Reaganomics” sought to lessen the size and role of the government in the economy. He eased, or eliminated, price controls on oil and gas, cable TV, telephone service, bus service, and overseas shipping. And, as a result, regulations on banks were eased, too. Production rose, and prices fell by 50%, which contrasted Jimmy Carter’s era of gas shortages (President Profiles).

Another significant factor of Ronald Reagan’s first, few months in office was his firm, forceful opposition to communism. Reagan’s administration also created a policy called the “Reagan Doctrine” that aimed to reduce the influence of the