Bill Clinton was the 42nd president of the United States. He was born on August 19, 1946, in Arkansas. In 1976, he became the lawyer general of Arkansas. After two years, he won the elections of his state and became the youngest governor the United States had for 40 years. In 1992, Bill Clinton was elected as the president of the United States. After six years of this presidency election, Clinton was accused by the House of Representatives becoming the second president to get impeached in the American History. Nevertheless, Clinton was found innocent by the Senate in 1999. Ronald Reagan was born on February 6, 1911, in Illinois. Reagan worked in many aspects in his life. At the beginning of his life, he started an entertaining career. …show more content…
He wanted to make all of the states more innovative. His policy goal was that each person can fulfill his needs by depending on himself. In 1999, Bill Clinton had signed the Financial Services Modernization Act, which allowed the companies that deal with money like banks or insurance companies to merge. Clinton had three main categories in his economic policy. First of all, he focused on gross domestic product. Next, he turned his attention into the inflation rates. The last vocal point was the level of unemployment in the United States. Clinton signed many agreements during his reign. The most important one is the Financial Services Modernization Act of 1999. This act assured that companies can deal with banks and insurance companies to be able to improve and emerge. The policies that Clinton used ensured that most of the Americans can find jobs quickly. Page 3 of 4 Kifah 3 On the other hand, Ronald Reagan worked hard to maintain stability in the economy of the United States. His goal was similar to Bill Clinton’s one which is to build a high entrepreneurial structure. During his opening speech as a president, Reagan revealed that he …show more content…
During the Reaganomics, Ronald provided 20 million new jobs which decreased the inflation from 13.5% to 4.1% in a short period. The net worth of the earnings of each family increased from $20,000 to $50,000 annually. These actions contributed to the fall of the unemployment rate from 7.6% to 5.5% only. These assistances massively helped the citizens of the United States and showed a clear development in the economy of the country. Ronald Reagan hard works led to many positives. Many companies and businesses were created during his reign because he decreased the tax rates. This action enabled the people to find jobs easily and to have a variety of choices. Ronald Reagan also limited the budget of the government to help people create new jobs. Reagan hard efforts during his reign were to enough to improve widely the economy of the United States. Both of these presidents had different and unique strategies to deal with the problems of the country. Each one of them played a major role in terms of the economic and financial policies of the country. Every country in the world faces many problems, and these things are always the role of the president to solve it. This was an issue when it was in economics