Podcast
Questions and Answers
What was the state of the American economy when Ronald Reagan took office in 1981?
What was the state of the American economy when Ronald Reagan took office in 1981?
The worst American economy since the Great Depression of the 1930s.
What were some of the factors that contributed to the economic woes of the 1970s?
What were some of the factors that contributed to the economic woes of the 1970s?
The end of American manufacturers' global monopoly, an influx of baby boomers entering the workforce, high government spending, and oil crises of 1973 and 1979.
How did Reagan respond to the 1981 air traffic controllers' strike?
How did Reagan respond to the 1981 air traffic controllers' strike?
He deemed the strike illegal and ordered the workers to return to work within 48 hours.
How did Reagan's economic ideas compare to those of previous Republican governments?
How did Reagan's economic ideas compare to those of previous Republican governments?
Signup and view all the answers
What was the impact of the oil crises of 1973 and 1979 on the American economy?
What was the impact of the oil crises of 1973 and 1979 on the American economy?
Signup and view all the answers
What demographic change affected the workforce during the 1970s?
What demographic change affected the workforce during the 1970s?
Signup and view all the answers
What event occurred in 1987 and 1989, similar to the Wall Street Crash in 1929?
What event occurred in 1987 and 1989, similar to the Wall Street Crash in 1929?
Signup and view all the answers
What was the main goal of Reagan's economic policy, also known as Reaganomics?
What was the main goal of Reagan's economic policy, also known as Reaganomics?
Signup and view all the answers
What was the cause of the Reagan Recession in 1981-1982?
What was the cause of the Reagan Recession in 1981-1982?
Signup and view all the answers
What was the perception of the poor during the Reagan administration?
What was the perception of the poor during the Reagan administration?
Signup and view all the answers
What were the main components of Reaganomics?
What were the main components of Reaganomics?
Signup and view all the answers
How did Reagan's economic policies compare to those of Harding and Coolidge?
How did Reagan's economic policies compare to those of Harding and Coolidge?
Signup and view all the answers
