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Economic Policy: President Reagan's Administration

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What is economic policy? Economic policy is the actions that government takes into the economic field. Economic policy can include so many things such as regulating government expenditures, private property right, tax rates and setting interest rates. Economic policy comprises three main subjects, supply-side economics, demand-side economics, and monetary policy.

The first main economic policy is Supply-Side. Supply-Side economics are policies that stimulate the output and lower unemployment by increasing production rather than demand. It gained its support in 1970 and became the official mark of President Reagan’s administration. Supply-side and demand-side share the same goal of increasing production and decreasing unemployment without increasing
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Prompt: Compare and contrast leadership and economic policies of presidents Ronald Reagan and Franklin Roosevelt. Thesis: Franklin Roosevelt brought forth the Neutrality Acts in the 1930s that restricted arms trade but were later replaced by the Cash and Carry policy which reversed those restrictions. Ronald Reagan made strides in economics by introducing the The Intermediate-Range Nuclear Forces Treaty of 1987 and the Cease-fire agreement in Nicaragua, in 1988, which reduced the use of weapons and the amount of arsenals. Historical Evidence: Roosevelt Neutrality Acts of the 1930s were in response to tensions in Asia and Europe.

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Because of President Reagan 's huge increase in defense programs and lowering tax revenues, inflation and interests rates rose. The largest percentage drop in stock market history, occurred in October, 1987 also known as Black Monday. The Market fell 500 points more, more than 20%. This was the biggest drop since the stock market crash, which led to the Great

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With great courage yet peacefulness, Ronald Reagan stated, “Tear down this wall!” By wall, he meant the Berlin Wall that divided East and East Germany. The Cold War was ending. Reagan achieved many things while in office. We will look at how the Reagan administration influenced the Cold War and when the Cold War ended.

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