From 1970's to 1980's
The restoration of American power?
I. America in dire straits
II. Reagan and the economic recovery
R. Reagan/G. Bush Sr. 1980-1988
G. Bush Sr./Dan Quayle 1988- 1992
A. A Reaganism = small government
Direct responsible of the crisis, the USA no longer trusted to the government because this led to the war.
Reagan: "Government is not the solution to our problem. Government is the problem" ïƒ remarkable policy of deregulation.
B. Reaganism = economic liberalism
Consisted in deregulating many economic sectors.
- Tax cuts 1981 Economic Recovery Tax Act : income taxes reduced by 25% over three years
The American households were sensitive to the crisis
- Shrinking federal budgets: food stamps, unemployment benefits, welfare
[...] From 1970s to 1980s The restoration of American power? America in dire straits Reagan and the economic recovery R. Reagan/G. Bush Sr. 1980-1988 G. Bush Sr./Dan Quayle 1988- 1992 A. A Reaganism = small government Direct responsible of the crisis, the USA no longer trusted to the government because this led to the war. Reagan: “Government is not the solution to our problem. Government is the problem” remarkable policy of deregulation. B. Reaganism = economic liberalism Consisted in deregulating many economic sectors. [...]
[...] It was a period of building of weapons nuclear 1980. Identity of foreign policy. The Iran-Contra Scandal It involves president. Iran enemy of the US revolution: second oil shock Iran had been involved in crisis in US. Reagan's administration had sold weapons to Iran without the consent of the legislators. The Contra was a military group in Nicaragua. This group was fighting the communist government. Selling weapons the money was given to fight the communist government. The Teflon President Very strong president to public image, nothing couldn't affect Reagan. [...]
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