How Did Ronald Reagan Influence The Economy
Hunter Craighead
English II
Mrs. Vaesler
5/1/13
The 1980s had many influences to make it one of the decades with the most changes and inventions. There were lots of new technology and inventions. One of the biggest influences on the 1980s in politics was Ronald Reagan. Some people say he is the greatest president the United States has ever had. Ronald Reagan was an expert at turning the economy around, having one of the best foreign policies, and he gave American’s hope and made them more patriotic for the first in decades. Ronald Reagan changed the economy greatly with his new tax cuts called Reaganomics. ‘’Reagan believed that tax cuts encouraged economic expansion enough to eventually broaden the tax base.’’ (http://useconomy.about.com/od/policies/p/President-Ronald- Regan-Economics-Policies.htm) Reagan eventually cut income taxes from 70% to 28% while he was in his presidency. While he was at it he cut cooperate tax rates from 48% to 34%. Ronald Reagan reduced government spending and regulations on gas and oil, cable television, long distance phone calls, and as well as the interstate budget. President Ronald Reagan doubled the percentage of trade …show more content…
He made a huge contribution to help Germany, while they tore down the Berlin Wall that separated Eastern Berlin from the western side of Berlin. He also ended the Cold War with Russia. Reagan made the end of the cold War very peaceful with the Russian leader. Ronald Reagan ended the cold war because he felt the USSR was an ‘’evil country’’ (Ronald Reagan an American Life) and he did not want their communism to spread to other countries. He used ‘’strength to make peace’’(Ronald Reagan An American Life) That meant that he built up the United States military until the Soviet Union was willing to make a peace treaty to end the Cold War. Reagan made the United states feel safe from the Cold War for the first time in many
English II
Mrs. Vaesler
5/1/13
The 1980s had many influences to make it one of the decades with the most changes and inventions. There were lots of new technology and inventions. One of the biggest influences on the 1980s in politics was Ronald Reagan. Some people say he is the greatest president the United States has ever had. Ronald Reagan was an expert at turning the economy around, having one of the best foreign policies, and he gave American’s hope and made them more patriotic for the first in decades. Ronald Reagan changed the economy greatly with his new tax cuts called Reaganomics. ‘’Reagan believed that tax cuts encouraged economic expansion enough to eventually broaden the tax base.’’ (http://useconomy.about.com/od/policies/p/President-Ronald- Regan-Economics-Policies.htm) Reagan eventually cut income taxes from 70% to 28% while he was in his presidency. While he was at it he cut cooperate tax rates from 48% to 34%. Ronald Reagan reduced government spending and regulations on gas and oil, cable television, long distance phone calls, and as well as the interstate budget. President Ronald Reagan doubled the percentage of trade …show more content…
He made a huge contribution to help Germany, while they tore down the Berlin Wall that separated Eastern Berlin from the western side of Berlin. He also ended the Cold War with Russia. Reagan made the end of the cold War very peaceful with the Russian leader. Ronald Reagan ended the cold war because he felt the USSR was an ‘’evil country’’ (Ronald Reagan an American Life) and he did not want their communism to spread to other countries. He used ‘’strength to make peace’’(Ronald Reagan An American Life) That meant that he built up the United States military until the Soviet Union was willing to make a peace treaty to end the Cold War. Reagan made the United states feel safe from the Cold War for the first time in many