Reagan Era Taylor Morgan

ECONOMIC

REAGANOMICS - Ronald Reagan's policies that go along with the Supply-Side economic theory. The trickle down theory stems from this. The trickle down theory is when the top 10% of the rich people get a tax break. They use the tax break to invest into other companies. The middle class and the poor class are then able to get a job.

SOCIAL
  • WAR ON DRUGS
  • Reagan increased punishments and penalties for drug charges
  • Reagan's wife started the "Just Say No" campaign to influence people not to do drugs.
  • CIVIL RIGHTS
  • African Americans were able to vote and be a part of political positions thanks to Reagan
  • Reagan was against abortion; federal ban
  • Reagan legalized organized school prayer
  • Jobs that were once denied to women were now attainable
  • Equal Rights Amendment defeated
  • AIDS
  • a lot of effort was put into the research for the cure
  • this brought attention to Gay Rights and drug abusers
  • WEALTH GAP
  • gap grew exponentially
  • top 5th of American's income increased 23%
  • bottom 5th American's income increased 9%
  • wages remained stagnant
POLITICAL
  • CONSERVATIVE SHIFT
  • emphasized opposition to abortion, Equal Rights Amendment, homosexuals, and pornography
  • was motivated by the fear of excessive federal spending/power
  • COLD WAR
  • increased military spending
  • SDI (Strategic Defense Initiative): a space-based nuclear defense system that increased nuclear weapons
  • Iran-Contra Affair
  • US sold arms to Iran
  • Iran under arms embargo
  • US gives arms to Contra to free 6 hostages

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