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Questions and Answers
What was Reagan's belief about a militarily strong America?
What was Reagan's belief about a militarily strong America?
- It would have decreased production of natural gas.
- It would have promoted laziness and promiscuity.
- It would have led to increased business failures.
- It would have discouraged Soviet adventurism. (correct)
What was one of the effects of Congress deregulating the banking industry?
What was one of the effects of Congress deregulating the banking industry?
- Bank interest rates decreased for all banks.
- Smaller banks found it difficult to hold their own against larger institutions. (correct)
- Production of natural gas decreased.
- Smaller banks found it easier to compete with larger institutions.
How did deregulation impact airfares in the U.S.?
How did deregulation impact airfares in the U.S.?
- Airfares on low-traffic routes decreased dramatically.
- Airfares across all routes remained constant.
- Airfares on high-traffic routes increased significantly.
- Airfares on high-traffic routes decreased dramatically. (correct)
What was one of the welfare programs that Reagan's administration cut spending on?
What was one of the welfare programs that Reagan's administration cut spending on?
What was the impact of Reagan's social service cuts on federal subsidies for child-care services?
What was the impact of Reagan's social service cuts on federal subsidies for child-care services?
What did President Reagan promise to do when he took office?
What did President Reagan promise to do when he took office?
What was one of the outcomes of Reagan's economic policies?
What was one of the outcomes of Reagan's economic policies?
How did Reagan deal with the issue of declining capital investment according to the text?
How did Reagan deal with the issue of declining capital investment according to the text?
What impact did Reagan's tax cuts have on the wealthiest Americans?
What impact did Reagan's tax cuts have on the wealthiest Americans?
How did most Americans react to Reagan's decision to fire 15,000 striking air-traffic controllers?
How did most Americans react to Reagan's decision to fire 15,000 striking air-traffic controllers?
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Study Notes
Reagan's Belief in Military Strength
- Advocated for a robust military to enhance national security and project American power globally.
- Believed military strength would deter potential adversaries and support U.S. diplomacy.
Effects of Deregulating the Banking Industry
- Led to increased risks and instability in the banking sector.
- Contributed to the savings and loan crisis, resulting in significant financial losses.
Impact of Deregulation on Airfares
- Deregulation allowed airlines to set their own prices, resulting in lower airfares.
- Increased competition in the airline industry led to more options for consumers.
Welfare Program Cuts Under Reagan
- Programs like Aid to Families with Dependent Children (AFDC) saw reductions in funding.
- Aimed to reduce government spending and promote self-reliance.
Impact of Social Service Cuts on Child-Care Subsidies
- Federal subsidies for child-care services were significantly decreased.
- Increased financial burden on families, limiting access to affordable child care.
Reagan's Promises Upon Taking Office
- Pledged to restore the American economy, reduce government spending, and lower taxes.
- Committed to strengthening national defense and combating communism abroad.
Outcomes of Reagan's Economic Policies
- Resulted in significant economic growth during the 1980s.
- Led to a temporary increase in the federal deficit due to tax cuts and defense spending.
Reagan's Response to Declining Capital Investment
- Encouraged tax incentives to stimulate private investment in the economy.
- Focused on deregulating industries to foster a conducive environment for investment.
Impact of Tax Cuts on Wealthiest Americans
- Benefited the wealthiest by reducing their tax burden significantly.
- Contributed to widening income inequality as wealth centralized among the top earners.
Public Reaction to Firing Air-Traffic Controllers
- Most Americans supported Reagan's decision, viewing it as a firm stance against labor strikes.
- Defined Reagan’s tough approach towards unions and public-sector labor disputes.
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