yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

How did Reagan's policies affect the economy? | US Government and Civics | Khan Academy


2m read
·Nov 11, 2024

How did Ronald Reagan's policies affect the government and economy?

What Ronald Reagan believed is that good programs—he had been a New Deal Democrat—he believed that what had happened was good programs that had tried to help people who needed the help: the poor, the infirm, the elderly. Those programs had ballooned, and what had happened was they were no longer prioritizing help to those who needed it.

But they had become a kind of system where those who made the loudest noise got the most government, got the most money, and got the attention from the government. That, in fact, stopped helping people in need and ended up hurting people—ended up sort of entrapping them in government dependence.

So, what he said was he was going to do two big things—actually three big things. He was going to cut taxes, and what that was going to do was shrink the amount of available money towards government, which he was then going to also do by cutting spending. He was going to cut regulations.

So, it was essentially paring down government, which he thought was inefficient towards the giving of resources to those who need it. He wanted a lot of that power to go back to the states. He also believed in an economic program that both cut money from domestic spending but also cut taxes, which he believed would actually generate more revenue because of something called supply-side economics.

So, his both economic theory and his theory about shrinking government were kind of matched up in his first budget and in his first major tax cut.

More Articles

View All
Solubility and intermolecular forces | AP Chemistry | Khan Academy
In this video, we’re going to talk about solubility, which is just a way of describing how well certain solutes can dissolve in certain solvents. Just as an example, we could go to our old friend sodium chloride and think about why it dissolves well in wa…
Introduction to residuals and least squares regression
So I’m interested in finding the relationship between people’s height in inches and their weight in pounds. I’m randomly sampling a bunch of people, measuring their height, measuring their weight, and then for each person, I’m plotting a point that repres…
My Tips for Dealing with Uncertainty Like What the U.S. is Facing Today
But what can the individual do? And just to summarize, what can the collective do to stop or slow the decline that clearly, you know, you can measure has occurred? First, be financially strong. Have a good income and balance sheet. Think about how many m…
Musical Fire Table!
Just press play, you mean? [Voiceover] Yeah, go for it. Whoa! [Music] Now, you may have seen a Ruben’s tube before. That’s basically a pipe with a bunch of holes in it, and you pump in a flammable gas and light it on fire, so you basically create a row …
How to Build and Sustain Motivation Forever
Hello, Alux! Welcome back. In this video, we’re debunking all the myths on motivation and talking about what it actually is and how to properly use it. Let’s get straight to the point, shall we? Welcome to Alux! So, let’s kick things off with a proper ex…
Indus Valley Civilization | Early Civilizations | World History | Khan Academy
As we’ve talked about in multiple videos, some of the earliest civilizations we have found have been around river valleys, and that is no coincidence. Because some of the first agriculture emerged around river valleys, and the agriculture supported higher…