Reagan policy flashcards

  • Created by: tomtom11
  • Created on: 01-04-17 14:30
REAGAN- How many federal programmes did Reagan reduce the budget of? And which programmes do these include?
212, and food stamps, student loans, and child nutrition programmes.
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REAGAN- How far did the share of the national income of the richest 1% rise by?
8% to 15%
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REAGAN- How far did the average income of the poorest in society decrease by?
$1.3k
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REAGAN- What did the number of homeless people increase to?
200 to 400
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REAGAN- How much unemployment was there in the years 1981-1983, and how did it differ to the Rust Belt?
10% unemployment overall- 50% unemployment in the Rust Belt.
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REAGAN- How many kids living below the poverty line depended on the Aid to Families with Dependent Children (AFDC), which was cut?
13m kids
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REAGAN- How many conservatives were appointed to the judiciary? And what effect did this have?
400 conservatives appointed, meaning it was harder for women, minorities, and the elderly and disabled to sue employers over discrimination.
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REAGAN- By how far did Reagan cut the staff of regulatory agencies?
25%. Though, he failed to differentiate between those that were essential and those that stifled progress.
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REAGAN- Which Act did Reagan veto due to its expense, to then have an identical veto of an identical Act blocked by congress in 1987?
Reagan vetoed the $18bn Clean Water Act due to its expense, to then have the almost identical veto of the 1987 Water Control Act blocked by Congress.
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REAGAN- What did the tax reform bill of 1986 do?
Simplified the tax code, increased tax of corporations and capital gains. Top tax rate lowered from 50% to 28%, and bottom rate raised from 11% to 15%
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REAGAN- Between 1980-1988, how was inflation reduced?
From 13.5% to 4.7%
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REAGAN- Between 1980-1988, how far did unemployment fall?
From 7% to 5.2%
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REAGAN- Between 1980-1988, how many new jobs were created?
16m
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REAGAN- Where was the national debt in 1980, where was it nearly in 1989, and where was it in 1992?
$1 trillion in 1980, almost $3 trillion in 1989, and $4 trillion in 1992.
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REAGAN- How far did federal expenditure increase by between the years 1980 and 1987?
It was $699.1 billion in 1980 and $859.3 billion in 1987.
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REAGAN- Which Act tried to ensure a future balanced budget through spending cuts?
Balanced Budget and Emergency Deficit Control Act (1985)
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REAGAN- In what way the US still an Economic giant by 1990?
It contained 5% of the world's population, and produced 25% of its goods.
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REAGAN- By how far did the trade deficit rise by the second half of the decade?
It was $38bn in 1982, and then over $150bn by the second half of the decade.
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REAGAN-What kind of tariffs did the government impose upon imported vehicles?
A 25% tariff on imported trucks, and a 3% tariff on imported cars.
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REAGAN- By 1985, what was the Trade Deficit with Japan like?
It had passed the $50bn mark.
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REAGAN- How much of taxpayers money was used to bail out loan-giving industries in 1989/90?
$132bn
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REAGAN- By the time Bush came to power, how much of the $2.7trn deficit was being paid annually?
$200bn annually.
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Other cards in this set

Card 2

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REAGAN- How far did the share of the national income of the richest 1% rise by?

Back

8% to 15%

Card 3

Front

REAGAN- How far did the average income of the poorest in society decrease by?

Back

Preview of the front of card 3

Card 4

Front

REAGAN- What did the number of homeless people increase to?

Back

Preview of the front of card 4

Card 5

Front

REAGAN- How much unemployment was there in the years 1981-1983, and how did it differ to the Rust Belt?

Back

Preview of the front of card 5
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