American LBJ and Reagan

Between 1880s-1940s what did the Liberals stand for?
rights for working class, free speech, rejected laissez faire economics, progress and positive social transformation
1 of 24
Define Progressive liberalism
sceptical of laissez faire capitalism, protect all from excessive power, ensure citizenry, state intervention
2 of 24
Define Liberalism
Maintenance and expansion of the welfare state, govt need to regulate the market, states role to promote racial equal opportunity
3 of 24
What did the Conservatives 1877 – 1932 stand for?
small govt and free enterprise, free immigration if workers needed, opposed unions, conservative social values
4 of 24
Define conservatism
Smaller govt, cuts in entitlement programs, reduction in taxes, remove Great Society excess, deregulation, conservative in customs and manners, criminal justice reform, mandatory sentencing, war on drugs
5 of 24
What was Johnson's style of governance?
Need for continuity from Kennedy, About picking up where FDR’s New Deal left off, Wanted to be involved with everything
6 of 24
What did The Economic Opportunity Act 1964 do?
allowed young people to finish education, benefits for hiring the unemployed, creation of the Office of Economic Opportunity
7 of 24
How much was sent to Vietnam for military assistance in 1964?
$125m
8 of 24
What were the 3 civil rights act passed by Johnson?
Civil Rights Act 1964, Voting Rights Act 1965, Civil Rights Act 1968
9 of 24
Define supply side economics
Focus on productivity, focus on the individual, increase incentives to work, cut taxes
10 of 24
To increase growth what did Anderson suggest?
Across the board tax-cuts, reduction in the rate of increase in federal spending, balancing of the federal budget, deregulation, monetary policy to deal with inflation
11 of 24
In 1981 Reagan followed this plan, but what changes did he make?
pushed the goal of balancing the budget back and underscoring the immediate fight with inflation
12 of 24
What was Reagan's speech about the economy called in 1980?
“A strategy for growth: The American economy in the 1980s”
13 of 24
What does Reagan blame for the state of the American economy?
Johnson's War on Poverty
14 of 24
What did the 1981 Economy Recovery Tax Act do?
23% reduction in personal income tax rates over 3 years, lowered top income tax from 70% to 50%, increased business investment tax credit, federal government indexing personal income for inflation in 1985
15 of 24
How many air traffic controllers did Reagan fire in 1981 over pay?
11,400
16 of 24
What did the price index increase to in 1982?
3.8%
17 of 24
What did Michael Mussa say about inflation?
“the demon of inflation had finally been tamed”
18 of 24
Reagan wanted $45bn in spending cuts in 1981 but how much did he actually get?
$35bn
19 of 24
How much did spending on non-defense projects under Reagan increase by?
Less than 1%
20 of 24
What did Reagan make off limits to budget cutters?
Medicare and middle class entitlements
21 of 24
How much did the military build up cost Reagan?
$2 trillion
22 of 24
The National debt was $914bn in 1980. What was it in 1989?
$2.7 trillion
23 of 24
What were Reagan's two major successes?
Ending the inflation that ruined the 70s and the Great Expansion (20 years of prosperity)
24 of 24

Other cards in this set

Card 2

Front

Define Progressive liberalism

Back

sceptical of laissez faire capitalism, protect all from excessive power, ensure citizenry, state intervention

Card 3

Front

Define Liberalism

Back

Preview of the front of card 3

Card 4

Front

What did the Conservatives 1877 – 1932 stand for?

Back

Preview of the front of card 4

Card 5

Front

Define conservatism

Back

Preview of the front of card 5
View more cards

Comments

No comments have yet been made

Similar Government & Politics resources:

See all Government & Politics resources »See all American pol resources »