Reaganomics increase ?
Supply-side economics vs Keynesian
2. Government control
Small government or Big government?
Conservatism vs Liberalism
President Ronald Reagan
1981-1989
1. The Colorful Life of Reagan 2. Reaganomics 里根经济学
Young Reagan
Average academic performance
in an average college But a born leader: 1. advocate strike against reduced education budget of the college 2. president of many school clubs 3. leader of the swimming team
Open fire to Soviet Union in 5 mins
Without knowing the microphone was on, Reagan tested the microphone with the following words, " Ladies and gentlemen, I`m honored to tell you that we are going to open fire to Soviet Union in 5 mins..."
Different Reagans
Became President at the age of 70
And was nearly assassinated 70 days later
The oldest president The first divorced president The first American president to visit China The Longest lived president
Who rescued the economy?
1981-1982 high unemployment rate & high inflation 1983-1984 economy began to recover
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another description of Reagan
Strongly against communists Care only the rich and Hate the poor 1. Reduced tax makes the rich richer The wealthiests benefit 20 times from it 2. In 1983 Food aid reduced by $4.2 billions Medicaid reduced by $1.9 billion Housing allowance reduced by 40% The poor lost $210 billions , and the rich got $280 billion
another description of Reagan
3. "My government is at the service of companies." Get his position because his extreme conserved attitude was appreciated by some of the wealthiest businessmen 4. Huge Deficit: 1338 billions
Performance of Reagan
Recovered economy --- reduced unemployment rate --- controlled inflation End to the Cold War with Star Wars plan The most popular president
After being shot
Before surgery, he said to his doctor, " I hope that you are a repubilican." When his wife came to take care of him,he said, "sorry, my dear. I forgot to bend."