100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary Reagan fact cheat sheet for Unit 1F - In search of the American Dream: the USA, c1917-96? £2.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. History 2015
  6.  
  7. Unit 1F - In search of the American Dream: the USA, c1917-96 (PH10)

Summary

Summary Reagan fact cheat sheet for Unit 1F - In search of the American Dream: the USA, c1917-96?

 12 views  0 purchase

Reagan fact cheat sheet for Unit 1F - In search of the American Dream: the USA, c1917-96? brief sheet, easy to memorise all facts you need to know for a level history exam

Preview 1 out of 2  pages

Document information

  • December 15, 2023
  • 2
  • 2022/2023
  • Summary

Subjects

Written for

All documents for this subject (86)

Seller

avatar-seller
miakadyan255

Content preview

Reagan Facts Page:

Economy:

- 13th August 1981, ERTA
o Highest band fell from 70% to 50%, lowest only from 14% to 11%
o emphasised ‘workfare’ over welfare
o cut personal income taxes by 25 percent over three years
o however, reversed (TEFRA)
- Omnibus Budget Reconciliation Act of 1981
o passed with bipartisan support, introduced spending cuts to around 200 programs
including education, health, and housing programs
o Medicare & Medicaid not cut
- Tax Reform Act of 1986
o Lowered federal income tax rates, decreasing the number of tax brackets, cut
certain loopholes and reduced the top tax rate from 50 percent to 28 percent
- Deregulation
o Helped reduce cost of fuel (1981 executive order)
o Worse working conditions, less environmental regulations,
o S+L institutions deregulated 1982 - Savings & Loans Collapse, 1987 gov bailout –
1989 FIRREA under Bush cost $150 billion
o HUD scandal, 138 officials convicted/indicted/suspected for misconduct (partly
deregulation)
- Inflation
o Decreased inflation (13.5% 1980 – 6.2% 1982), stayed below 5% in long run
o Fed controlled money supply
- Defence expenditure
o $393.1 billion in 1988 (5.8% of GDP and 27.3% of public expenditure)
- Government debt
o rose from 26% GDP in 1980 to 41% GDP by 1988
o deficit increased from $59bil 1980 to $208bil 1983
o meant Bush had to increase taxes
- Unemployment rate
o Averaged 7.5% (compared to average 6.6% during preceding eight years)
o Declined after December 1982, rate was 5.4% month Reagan left office
o Increased 1980-85, 250 textiles plants closed – over 300,000 lost jobs
- Reagan Housing Cuts
o (1980-1988) reduced federal funding for public housing by 65%
o homelessness crisis: 1985 3.7mil families qualified for low-income home but none
available
o 1984 federal funding for homeless was $300mil - $1.6 billion in 1988
o 1987 McKinney Act set up FEMA (emergency medical care, transitional housing,
education)
- Strikes
o 1981 13,000 air traffic controllers strike – Reagan threatened them then sacked
them

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller miakadyan255. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62555 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£2.99
  • (0)
  Add to cart