1980s: Reaganomics

In times of stagflation, the Reagan administration initiated a group of policies known as Reaganomics. Let’s explore what those policies did!

Throughout the 1970s, the US was in a period of stagflation

The economy was slow, inflation was high and the market suffered

Reagan started with tax cuts, decreased social spending, increased military spending, and less regulation in the markets

On the positive side, tax and inflation rates decreased, unemployment fell and business activity grew by 3.5%

On the negative, income inequality and federal debt rose

Economic suffering was also worsened since Food Stamps, job training, and welfare programs were cut or reduced

Some Reagan policies are still intact while others continue to influence the world we live in today!

Test your knowledge

A positive effect of Reaganomics was. . .

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Which of the following did Reagon not do?

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Reaganomics comes from combining. . .

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What's next?

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1987: Black Monday Crash

Let’s talk about the crash that sparked fears of a second Great Depression across the globe.

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2000: Dotcom Bubble Burst

Let’s talk about the Bubble burst that marked the beginning of the 2000s that took 15 years to heal from.

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2008: Financial Crisis

Let’s talk about the next crash that triggered the Great Recession as the worst crisis in 8 decades.

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