Section C: Reagan's Time as President and his Legacy (1981-1996) 1.0 / 5 based on 1 rating ? HistoryAmerica - 19th and 20th centuryA2/A-levelAll boards Created by: FinndooodCreated on: 22-03-18 12:53 What year was Reagan elected president? 1980 1 of 27 What is the key phrase behind Supply-Side theory? The "trickle down" effect 2 of 27 What was the main principle behind Supply-Side theory? Remove retraints on industry (Gov. & Unions) and encourage saving & investment 3 of 27 Under which Presidency was the principle of S.S Theory initiated? President Jimmy Carter 4 of 27 What is the opposite to Supply-Side theory? Supply and Demand Theory 5 of 27 Outline the main principles of Supply-Demand theory Economy was driven by consumer demands, government ought to have control over production 6 of 27 What principle is Supply-Side similiar to? Laissez Faire capitalism 7 of 27 What did Reagan want to accomplish? (Hint: 3 things) Control, Reduce, Cut Control Gov. spending, reduce Gov. involvement in economics, cut taxes 8 of 27 What did Reagan do to Federal employees during the first period of his presidency? Sacked White House officials, cut federal travel expenses, froze federal employment 9 of 27 In the first 3 days of his presidency, Reagan cut travel expenses by? 15% 10 of 27 What acronym do I use for Reaganomics? R.P.D.P 11 of 27 What is Reaganomics officially known as? Reagan's Program for Economic Recovery 12 of 27 (R).P.D.P Reducing the deficit 13 of 27 By what percentage did Reagan's budget bill aim to reduce the deficit to by 1986? (GNP) 19% of the GNP 14 of 27 What did the "unidentified cuts" included in the budget bill equate to? $74 Billion 15 of 27 R.(P).D.P Personal and Business Tax Reductions 16 of 27 Which act accompanied this section? Economic Recovery Tax (1981) 17 of 27 What did the ERT aim to achieve over the period of 3 years? Reduce income tax by 25% 18 of 27 What is the practice known as? Staggered tax rates 19 of 27 R.P.(D).P Deregulation 20 of 27 What was the core aim of Deregulation? Aimed to remove federal control in industry, state and local government 21 of 27 What does "devolved" mean? Transfer of power from a higher to a lower authority 22 of 27 What two principles did Deregulation support? Supply-side and trickle-down 23 of 27 R.P.D.(P) Planned control of money supply 24 of 27 What were the two aims of this section of Reaganomics? Keep inflation down, whilst expanding the economy 25 of 27 What local initiatives did this include? Schemes in education, housing and provision of services 26 of 27 What organisation is an example of this? Aid to Families with Dependant Children Programmme (AFDC) 27 of 27
AQA A2 History Unit 3M (HIS3M) - The Making of Modern Britain, 1951-2007 5.0 / 5 based on 1 rating Teacher recommended
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