What was the economic theory behind reagans plan

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Reference no: EM133441416

Assignment:

Reaganomics - A Webquest

Directions: ?Using the links provided, answer the questions about Ronald Reagan's economic plan, "Reaganomics." Then answer critical thinking questions at the bottom of the handout in complete sentences, using specific historical evidence to support your answers.

Questions Response to Questions

1. What did Reagan claim was the "recipe" for fixing the American economy?

2. What was the economic theory behind Reagan's plan?

3. How did this economic plan work, generally speaking?

4. How much did Congress reduce taxes in Reagan's first term?

5. What was the initial impact of Reagan's economic plan?

6. How did Reagan's foreign policy impact his economic plan?

7. What happened to the national deficit because of Reagan's economic plan?

8. What does Reagan suggest is the impact of the "one of the worst sustained inflations in our national history"?

9. How does Reagan suggest, in his inaugural address, he will work towards equality in America?

10. What does Reagan suggest will be his "first priorities" when he takes office?

11. What does the author suggest Reagan has "overlooked" with regard to his economic plan?

12. What does the author suggest was one of the "key factors" leading to the economic crisis of the late 1970s and early 1980s?

13. What does this author say is the the problem with Reagan's plan to cut taxes and increase military spending?

14. Who does the author suggest will be hurt by this plan?

15. List four ways Reaganomics actually changed the economy, according to the author.

16. According to this article why did the economic policies of the 1980s fail to achieve the "Reagan Revolution?

Critical Thinking Questions:

1. CONTEXT: How might economic and political events of the 1970s have led Reagan to believe that "government is not the solution to our problem; government is the problem"?

2. EVALUATION: Was Reaganomics successful? Why/Why not?

3. PREDICTION: How might Reaganomics have created problems for future presidents?

Reference no: EM133441416

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