Preview

Reaganomics In The 1980's

Good Essays
Open Document
Open Document
1442 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Reaganomics In The 1980's
Throughout the 1970s, the title of presidency was tarnished as Republican President Richard Nixon was forced to resign in 1974 due to the Watergate Scandal. Because of his connection to Nixon, Vice President Gerald Ford’s presidency was unpopular as well. Ford’s successor to the Oval Office, Democrat Jimmy Carter, had a rather unsuccessful presidency as he only won one term. While both political parties controlled the presidency during the 1970s, political scholars view this era of presidents as one of the worst decades in U.S. history. By the 1980 election, the people of the United States wanted something new. Republican candidate Ronald Reagan captured the hearts and minds of Americans, easily defeating Carter’s reelection bid in 1980. …show more content…
Unemployment exceeded to ten percent , this was the lowest it had been in forty years. With Reagan already in office he knew that there must be a change in the early 80s. He knew that if he corrected United States economic problem that he would have the trust of the citizen for the election of 1984. At the end of 1982 the United States was flourishing once again, the economy was promising due to the new economic system of Reaganomics. Incumbent Ronald Reagan believed that the United States become very strong due to Reaganomics. Between the years of 1983-1990 the economy grew because it was parallel population growth. The census of 1984-1990 shows that we’ve had the most growth on the west coast. Having twenty percent more people than we had in the previous census, all but three states had a population growth. The principles of Reaganomics was to lower taxes and increase the spending money towards our military. Now that taxes are lowered the United States no longer provided any social programs. There were pros and cons with this new economic system, the economy was doing substantially well while our social problems worsen. An example of a social problem would be the drug rate. Approximately thirty seven percent of the population over the age twelve had used an illegal drug at least once. The drug rates grew due to the …show more content…
This number isn't surprising, on average every Presidential election there’s only fifty percent voter turnout. There were 61.1 percent of the voters were white, 55.8 were blacks, and 32.6 were spanish/mixed races. There were 59 percent of these voters were male while 60.8 perecent were females. Ages from eighteen to twenty four only 40.8 percent, voters of the ages twenty five through forty four had 58.4 perecent. The ages of forty five through sixty four had 69.8 percent and 67.7 percent for the ages range of sixty five and older. Reason for the higher female voting percentage was due to Geraldine Ferraro. She influenced so many women to make a stand at this time era. Having The National Organization for Women very pleased knowing that they would have a stand in the election. With all of these factors this raised a big question of who would win the election. The election of 1984 differs from all of the elections in the previous years. Ronald Reagan won the electoral college vote by a landslide, receiving five hundred twenty five electoral vote. Mondale only received thirteen electoral votes, which were from his home state of Minnesota and Washington D.C. Our primary in Pennsylvania was Republican. Reagan won 53.3 percent of Pennsylvania, winning twenty five electoral votes. The population vote however was really close, Reagan having 58.8 percent while Mondale had 40.6 percent.

You May Also Find These Documents Helpful

  • Good Essays

    Reagan's arrangements viably wrecked any chance his successor, George H. W. Bramble, had of being fruitful. Reaganomics delivered record shortages that constrained Bush to raise charges. Despite the fact that the greater part of the substantial hitting Democrats picked not to keep running in 1992, Bush was bound to be a one-term president. The Republican insurgency in 1994 stemmed specifically from Reagan's strategies. Newt Gingrich based upon Reagan's prosperity by abusing social issues and utilizing a portion of the filthy battle strategies that were found in the 1988 presidential race. These same grimy systems and abuse of social divisions slung George W. Hedge to the White House in 2000. He brought along numerous previous Reagan staff members…

    • 150 Words
    • 1 Page
    Good Essays
  • Good Essays

    Ronald Regan begins his first term of presidency in 1981, Regan who took charge of the white house was facing a country with a deteriorating economy. Regan had a clear plan in mind in reconstructing past policies in order to improve the current state of the country by executing “Reaganomics”. Reaganomics is an economic policy that reduces taxes on the upper-income brackets that would boost the investment and economic growth. Under this policy, it has not only controlled the inflation but has brought in a greater number of investors which certainly created more jobs for the people hence a higher employment rate in the country. Although, policies in the Great Society spending has cut down, however, policies such as Social Security and Medicare…

    • 153 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    When Carter entered the Democratic Party presidential primaries in 1976, he was considered to have little chance against nationally better-known politicians. His name recognition was two percent. As the Watergate scandal of President Nixon was still fresh in the voters' minds, Carter's position as an outsider, distant from Washington, D.C., became an asset. He promoted government reorganization. Carter published Why Not the Best? in June 1976 to help introduce himself to the American public.how it hurt President Carter: Jimmy Carter's lack of Washington experience made it hard for him to have the appropriate connections to pull strings and get bills…

    • 101 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    One of the most well respected Democratic presidents in history, John Kennedy, stated in a 1963 speech on fiscal responsibility: This Government considers our tax reduction and reform program"�to be the most important action that Congress can take now to improve our long-range position. Another Bush proposal to end the double taxation of dividends from corporations will encourage companies to issue dividends to their stockholders. There are many other statistics that emphasize the benefits of the Reagan tax cuts, but the few listed above show the advantages of what cutting taxes can do for the economy. Therefore, it is impossible to design a tax cut of any size that would appear to only benefit the poor. The idea of tax cuts stimulating the…

    • 355 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Reagan vs Obama

    • 1356 Words
    • 6 Pages

    Before Regan took office in 1981, the state of the United States economy was in dismal shape. The high unemployment of mid 1970’s seemed to be on the way down, but because of an unnaturally low Federal Reserve’s interest rate, inflation was out of control. By the time Reagan got into office, the unemployment rate in the country had increased from a low of 5.8% to 7.6% in 1981. Although the country was experiencing an increasing unemployment rate, the inflation rate was skyrocketing above 14% for multiple months in 1980. The Federal Reserve had to increase interest rates in order to control the value of the dollar, at the cost of millions of jobs. Although the inflation rate decreased from an average of 13.58% in 1980 to 3.22% in 1983, the unemployment rate rose from the higher interest rate from 7.1% in 1980 to 9.7% in 1982. This huge increase in the amount of unemployed naturally caused a sharp decline in Reagan’s approval ratings. In 1984, Reagan’s election year, the economy began crawling back. Unemployment dropped from 9.7% in 1982 to 7.5% in 1984 and American’s began to believe in Reagan’s ability to help the economy thrive. Reagan’s economic success is credited to the tax cuts he enacted. During the 1970’s the federal tax rate for wealthy making over $200,000 a year was at or over 70% for the entire decade. Reagan’s cuts lowered the amount of taxable income from 70% (for the highest earners) to 50% in 1982. This increase in money allowed the wealthy to invest more and hire more workers, leading to the recovery that began in 1984.…

    • 1356 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    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.…

    • 489 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    One of the most significant factors of Ronald Reagan’s first, few months in office was his courageous effort to transform the country’s economic policies. Reagan’s administration created a policy called “Reaganomics”, or “trickle-down” economics, which sought to cut taxes for the upper, middle, and lower classes to stimulate the economy. He reduced taxes to return the wealth to the working middle class. Instead of handing…

    • 681 Words
    • 3 Pages
    Good Essays
  • Better Essays

    A 60% approval rating for President Nixon ended abruptly on the night of June 17th, 1972. As a matter of fact, by the time the scandal was fully exposed to the public, his ratings had plummeted to 66% disapprove. The spiral of control that President Nixon lost over time started with his need for re-election in his second term. His actions against our constitution that were intended to ensure his reelection were committed in the most immoral ways and subsequently exposed to the public eye due to the diligent reporting of our press. The pressure from the press on Nixon and his administration forced him to resign after his only ten supporters in congress voted for his impeachment.…

    • 1629 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Jimmy Carter was the first elected President in half a century who failed to win a second term. His election in 1976 was set during the period of time when people had lost their faith in the presidency. After Nixon’s humiliation considering Watergate scandal and Ford’s simplistic and unenthusiastic govern, people were looking for someone outside Washington’s corruption. Carter seemed a perfect decision , governor of a small state, he appealed to people as the best solution. Nevertheless, as they got what they wanted it turned out to be wrong. They got a person from the outside that had no idea how Washington worked. People believed he was error prone and inexperienced. Carter soon became a joke and was criticized by the society that was not willing to give their votes for his re-election.…

    • 1214 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Ronald Reagan was elected the 40th president of the United States, coming from two uneducated parents that encouraged him to make the most out of his life. Ronald went from the radio station to the main stage becoming a successful actor; however later in life he took a major interest in politics. (BEINART, PETER,RONALD REAGAN, 2010). This major interest took him to the governors chair of California’s, to becoming one of the talked about presidents in the U.S. Ronald Reagan became the 40th president of the United States serving from 1981 to 1989. During his term he wanted to see restoration, and peace; he also believed that he achieved and satisfied his duties to makes his program known as the Reagan Revolution succeed and continue throughout…

    • 328 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    From 1980 until 1982 the United States went through another recession. Federal Reserve chairman Paul Volcker created a restrictive spending policy which did slow down spending as expected. Reagan then created what is known today as Reaganomics, with Reaganomics President Reagan promised reduced federal programs, deeper tax cuts for wealthy Americans, and he made the government smaller. In July of 1981 President Reagan announced his intentions of cutting down the budget by $41 billion. He referred to this proposal as a second American revolution for hope and opportunity. Reagan believed by lowering taxes it would make companies be able to provide more products and the U.S. citizens would spend more, therefore making our economy grow. I fully believe in this idea. If we pay fewer taxes we have more money to spend therefore we can either invest more or buy more things and it boosts the economy. That is why I don’t understand why we aren’t cutting taxes today and getting ourselves out of this recession. I truly believe in Reaganomics.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    In 1974, former President Richard Nixon, was sent to court because he had been accused for the cover up the Watergate incident. By the year 1972, Richard Nixon was up for reelection as President. At the time, our country was still greatly affected by the actions and outcome of the Vietnam War. This cause our nation to be angry and deeply divided. Nixon was highly motivated to take aggressive action to ensure his success in becoming President.…

    • 1715 Words
    • 7 Pages
    Good Essays
  • Better Essays

    With the fall of Communism in the beginning of the 1990s, America’s economy saw its longest economic expansion in history. From 1991 to 2001, the improving economy, new jobs creations, and the success of the stock market were big factors that lead the nation to prosperity. Overall, people had a positive outlook on life and were hopeful about the future. Many Americans were confident in the direction the country was growing and the country was productive. In addition, the decade introduced the Internet. This marked the beginning of the Information Age and a shift to digital technology. Culturally, people were influenced by different forms of media like theater, film, radio, and TV. People began to attain information faster with the heightened media coverage. Economically, there was more stability throughout the rest of the world. In the 90s, America’s economy was steadily…

    • 1516 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    The Reagan Revolution

    • 3357 Words
    • 14 Pages

    Barack Obama is the 44th president in the history of the United States. During the previous 43 presidencies we have passed through different “eras” of US history, periods of time that were defined by a main ideological position set by a single party in the United States. There was the era of the Civil War and Abraham Lincoln, the System of 1896 with McKinley and Teddy Roosevelt. After World War I we had an era focusing on domestic progress that consisted of both the New Deal and the Great Society under FDR, and LBJ. Lastly, the latest era the United States has seen is the Reagan Revolution.…

    • 3357 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    The Greenspan Era

    • 462 Words
    • 2 Pages

    In October 1979, as Organization of Petroleum Exporting Countries (OPEC) was imposing adverse supply shocks on the world’s economies for the second time in a decade, Fed Chairman Paul Volcker decided that the time for action had come. Volcker had been appointed chairman by President Carter only two months earlier, and he had taken the job knowing that inflation had reached unacceptable levels. As guardian of the nation’s monetary system, he felt he had little choice but to pursue a policy of disinflation—a reduction in the rate of inflation. Since the Organization of Petroleum Exporting Countries (OPEC) inflation of the 1970s and the Volcker disinflation of the 1980s, the U.S. economy has experienced relatively mild fluctuations in inflation and unemployment. This period is called the Greenspan era, after Alan Greenspan who in 1987 followed Paul Volcker as chairman of the Federal Reserve. This period began with a favorable supply shock. In 1986, OPEC members started arguing over production levels, and their long-standing agreement to restrict supply broke down. Oil prices fell by about half. This favorable supply shock led to falling inflation and falling unemployment. Since then, the Fed has been careful to avoid repeating the policy mistakes of the 1960s, when excessive aggregate demand pushed unemployment below the natural rate and raised inflation. When unemployment fell and inflation rose in 1989 and 1990, the Fed raised interest rates and contracted aggregate demand, leading to a small recession in 1991. Unemployment then rose above most estimates of the natural rate, and inflation fell once again.…

    • 462 Words
    • 2 Pages
    Good Essays