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The Consequences of Reaganomics
The theory behind Reaganomics was sound, but when applied in real life its consequences are still present more than ten years after the fact. The tax cuts applied early in Reagan's first term cemented the ideology for what the next eight years of his reign would uphold. The Economic Recovery Tax Act would cut taxes roughly twenty five percent over a three-year period. The ideology of Reagan's administration quickly received supporters of what he was doing. Entailed in these tax cuts were reductions in welfare programs which was also a popular idea amongst Reaganites. But what is puzzling i…
- Any historical event with-world changing consequences will always have two sides to the story. What most Americans refer to today as the American Revolution is no different
- The Causes and Consequences of the French and Indian War.
- The Consequences of Reaganomics
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