ronald reagan. domestic policy what two options could the reagan administration do in order to...
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RONALD REAGAN
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DOMESTIC POLICY
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WHAT TWO OPTIONS COULD THE REAGAN ADMINISTRATION DO IN ORDER TO COMBAT STAGFLATION?
Raise interest ratesSupply-side economics = cut taxes
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WHAT IS REGANOMICS? EXPLAIN HOW IT WORKED.
Keep interest rates highCongress passes a massive tax cut-25%“trickle down economics”
*benefits the wealthy most not middleclass
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WHAT PROGRAMS DID REAGAN CUT FUNDING TO IN ORDER TO BALANCE THE BUDGET AND REDUCE THE DEFICIT?
WelfareFood stampsSchool lunch programsMedicare PaymentsUnemployment compensationStudent loansHousing subsidies reduced
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WHAT INDUSTRIES DID REGAN DEREGULATE AND WHY?
End price controls on oil & gasoline-prices went down = more $ to spend
Cable television industry
Ended requirements for airbags & fuel efficient cars
Continued to deregulate the airline industry
increased public land for oil drilling
-create competition among different companies to reduce prices
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FOREIGN POLICY
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EXPLAIN “PEACE THROUGH STRENGTH” AND HOW IT WAS GOING TO WORK.
Large American military build up($1.5 trillion) that the Soviets would try to match which would put too much pressure on their economy leading to their collapse
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WHAT IS THE REAGAN DOCTRINE? GIVE TWO EXAMPLES IN WHICH THE REAGAN DOCTRINE WAS USED.
The U.S. will support guerrillas trying to fight Communism
Afghan Guerrillas- Mujahedeen -$570 million
Nicaraguan Guerrillas- Contras
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WHAT SCANDAL TOOK PLACE DURING REAGAN'S SECOND TERM? WHAT WAS THE RESULT OF THE SCANDAL?
Congress prohibited aid to the ContrasReagan’s Administration secretly sold weapons
to Iran (considered an enemy) in exchange for $ and the hostages in the Middle-East
Reagan claimed he had no knowledge about the $ being given to the Contras
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HOW DOES REAGAN PRACTICE ARMS CONTROL?
Removal of missilesStrategic Arms Reduction Talks (START)
Cut missiles on both sides in ½Soviets refused and did not agree
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WHAT IS STAR WARS?Strategic Defense Initiative- plan to develop
weapons that could intercept incoming missiles
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WHAT DID REAGAN WHAT MIKHAIL GORBACHEV TO DO IN EXCHANGE FOR PEACE?
Tear down the Berlin Wall
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WHAT IS THE INF TREATY?Intermediate Range Nuclear Forces (INF)-
treaty to destroy nuclear weapons – Dec. 1987
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WHAT EVENTUALLY LED TO THE COLLAPSE OF COMMUNISM IN THE SOVIET UNION?
INF in place Gorbachev felt confident in reducing Soviet military spending and could create political and economic reforms instead
The reforms eventually led to the collapse of the economy and Communism in Eastern Europe & Soviet Union