How Did Reagan's Economic Policies Affect The Economy Of The 1980s

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The 1980s affected even the littlest details of today, from the rise of industrial gross income to the population’s willingness to change their lifestyle when it all goes south, the influence of television and radio, leading into the Reagan Presidency, and how he had trouble rationalizing where his money went, continuing, the movies and actors of the 1980s, and lastly, mental and physical health in the eighties. This decade was influential because it left a mark on a handful of laws, population success, and Earth peace. “Industry grosses climbed steadily, from $2.8 billion in 1980 to $4 billion in 1984” Simultaneously, there was a steady rise in ticket prices from a national average of $2.69 in 1980 to $3.36 in 1984. In that same year, Hollywood …show more content…

America knew that something had to change. “A competitive America—let alone a compassionate America—will need every trained mind and every pair of skilled hands.” Reagan's New Federalism marked a concrete shift from the Great Society programs of the 1960s and 1970s, which targeted minority groups that were struggling. Almost everybody was on board with this plan and contributed to the help, showing us that America is coming together, for the most part. Ronald Reagan's economic policies initially proved less successful than its partisans had hoped, the only reason was that they couldn't balance the budget correctly. There were huge increases in military spending in 1980, especially the Pentagon, which is 34 million an hour, just to run. “Reagan advocated for industrial deregulation, reductions in government spending, and tax cuts for individuals and corporations.” Not only did Reagan's policies affect the businesses, but they also affected the number of jobs available considering the American Government had to find a way to save money, meaning less money an hour and fewer …show more content…

Y. Crowell, and Scott Foresman all came together to form HarperCollins, all with the help of Rupert Murdoch, they cross-promoted their businesses and worked with one another. There are only two ways for information to spread with the technology the 1980s had, and that was either word of mouth or words on paper, confirming that the publishing firms were very popular. Newspapers, considering it's 1980, were probably worth cents. Still, it was a very effective move in the hands of the authors, now Americans and others worldwide know what is going on without experiencing it firsthand. The first national newspaper started slowly but soon stole readers from major city papers and pioneered new styles of journalism. Magazines, on the other hand, continue to grow more and more specialized and creative. Most of the movies that are also referenced in the 21st Century are the movies that made a living and shared that with every actor in the 1980s. “The biggest moneymaker in 1980 was the second installment of George Lucas's Star Wars trilogy, The Empire Strikes Back, which returned $120 million to its distributor”. The box-office gross calculates how much money is made from ticket sales, most recognizable were the trilogies that came out in 1980 like Rocky 3, Star Trek 2, and