What was one effect of the Reagan revolution in 1980 quizlet?

What was one effect of the Reagan revolution in 1980 quizlet?

The revolutionary two-term presidency of Ronald Reagan. His administration ended the Cold War, causing a major collapse of Communism in Europe, they also created a period of economic growth that was previously thought unimaginable.

What was Reaganomics and what did it do?

The four pillars of Reagan’s economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation. The results of Reaganomics are still debated.

What was the economy like during the Reagan presidency?

1980-1981: The Recession. Reagan inherited an economy mired in stagflation, a combination of double-digit economic contraction and double-digit inflation. He aggressively cut income taxes from 70% to 28% for the top tax bracket to combat the recession.

What year did Reagan get re-elected?

In November 1984, Ronald Reagan was reelected in a landslide, defeating Walter Mondale and his running mate Geraldine Ferraro (1935-), the first female vice-presidential candidate from a major U.S. political party.

What was the US foreign policy during the Reagan administration?

Administration officials also disagreed on China policy. For over a decade, the White House had managed most high-level contacts between Washington and Beijing. Under Haig, the Department of State assumed primary responsibility for the formulation and implementation of the Administration’s China policy.

Why did Reagan go to East Berlin in 1987?

The tensions were high during all of the meetings and many people feared that any mistake could lead to an immediate nuclear Armageddon. Fortunately, no nuclear weapons were launched and the Reagan Administration triumphed over the Soviet Union. In 1987, Reagan visited East Berlin and spoke at the Brandenburg Gate.