Reaganomics By: Riley Corriher

Economics:

Widespread tax breaks, Decreased spending on social programs, & increased military spending

Trickle-Down Theory: Where the rich social class got a tax break/cut which meant they would have more money in their pocket which leads them to invest in other companies. Investing in other companies trickles down to the middle and poor social classes having an opportunity to get a job. This led to money circulating in all social classes.

Political:

Iran- Contra Scandal: Weapons were being secretly sold to Iran in exchange for money to be given to anti-communism Contras of Nicaragua.

Invasion of Grenada: Part of the rivalry between the U.S. and Cuba. The U.S. underwent a perceived threat to American students on the island. This was the perfect U.S. excuse to eliminate a Marxist regime connect to Castro. It was an effort to prevent communist rule.

Invasion of Panama: Attempt to overthrow the military dictator, Manuel Noriega, who had been accused of drug trafficking.

Sandra Day O'Connor: First female justice on the U.S. Supreme Court.

Social:

AIDS- The disease spread rapidly and the epidemic quickly grew. The focus was on finding a prevention and a cure.

Drug Abuse- This was a controversial topic. Some people thought drugs should be illegal to stop the rise of gangs and others thought drug facilities should be built to help addicts stop. Raegan launched the "War on Drugs" and introduced the "Say No to Drugs" slogan.

Abortion/Women's Rights- This was another controversial topic. Some people thought it was perfectly fine to terminate a human life and others thought it was considered a life after conception. Roe vs. Wade was the court case that guaranteed the right to abortion.

Education- Americans were lagging behind in education compared to international countries. In order to catch up, longer school days were put into play and also an extended school year.

The Wealth Gap- The gap became way more separated.

Civil Rights- Reagan never supported the use of federal power to provide blacks with civil rights. He opposed Voting Rights Act of 1965.

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