What Was The Impact Of Reaganomics

Reagan was seen as a great President because of the way he talked and the way he was able to open his speeches. This is why he was known as the Great Communicator, he would start his speeches with a heartfelt story or a joke to get closer with the listener and start talking on a personal level, to really get the people to start listening. Reagan did not know what he was talking about in economics, and that is why the economy had somewhat tanked during the Reagan presidency, even though Ford and Carter before him had not helped the situation. Reagan was able to drop inflation, but he had caused a major recession because of it. Reagan had also put on the most tax cuts ever in United States history, and tried to put the power back into the corporations. This sounded good at

The biggest divide in wealth of the nation was also seen since World War 2. Reaganomics was the cause of this, which was the thought to cut taxes and put the money back to the spender, where they would put into the economy. This was a more free market approach than before. From the beginning of the Reagan presidency, the debt was at 997$ billion dollars, and at the end of his 8 years, the deficit was at 2.85 trillion. However, Reagan still had people tricked because of the way he was able to talk to his listeners and how he was a loved actor and man, but his economics was not. President Reagan had been tough on the Soviet Union and had sent federal aid to all oppositions of communism, and had attempted to use persuasive rhetoric on the Communists. Reagan would use tactics to scare the communists and spend billions on the defense budget. This and Mikhail Gorbachev who wanted reform for the Soviet Union. Reagan believed that the Soviet Union was an ¨evil empire¨ and he made it his goal to see it abolished. As for the Iran-Contra scandal and the Watergate scandal, were both secretive government projects that were highly