Objectives: What are the differences between conservatives and liberals? Why did the conservative movement gain so much influence during the 1980s? What is Reaganomics and was it effective in reducing unemployment, inflation and the size of government? Reagan and Reaganomics
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Objectives: What are the differences between conservatives and liberals? Why did the conservative movement gain so much influence during the 1980s?
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Objectives: What are the differences between
conservatives and liberals? Why did the conservative movement
gain so much influence during the 1980s?
What is Reaganomics and was it effective in reducing unemployment, inflation and the size of government?
Reagan and Reaganomics
“Government is not the solution to our problem. Government is the problem.”
“Supply creates its own demand.”
"Only by reducing the growth of government can we increase the growth of the economy.”
(All of these quotes are by Ronald Reagan)
Basic Differences
the government should regulate the economy to protect people from the power of large corporations & wealthy elites
The gov’t should help disadvantaged Americans through social programs and by making the wealthy pay more taxes
Support high taxes on the wealthy = taxes weaken the power of the rich and the gov’t can transfer the wealth to others to keep society equal
Opposed to the gov’t supporting or endorsing religious beliefs
Believe that most social problems are caused by economic inequality
The government should stay out of regulating the economy because it makes it less efficient, causing less wealth and more poverty
Oppose high taxes that transfer the wealth from the rich to those who are less wealthy
That taxes and gov’t programs take away people’s incentive to work harder
Believe that religious faith is important in sustaining society and that most social problems result from issues of morality and character
Liberals believe: Conservatives believe:
The Sunbelt = new industrial region in the West and Deep South-Move there b/c there is less unemployment and pollution there-Americans in the Sunbelt oppose high taxes and federal regulations that interfere with their region’s growth
The Sunbelt
Conservatism Gains Support The New Right = turn to conservatism
because they fear society has lost its traditional values Oppose the passage of Roe v. Wade, oppose
limiting prayer in school, and oppose the feminist movement
Televangelists = evangelical ministers who participated in a religious revival after WWII with the use of the television Pat Robertson, Jerry Falwell Help bring new voters to the conservative side
Between 1937 and 1962, Reagan made over 50 movies
-Learned skills like how to speak publicly and project an image
Ran for governor of California in 1966; won the election and was reelected in 1970
1980 Election
Campaign tactics: 1) Appeal to those who are frustrated with the
economy 2) Promised to cut taxes, increase defense
spending, and support a constitutional amendment to ban abortion Helped him win conservative voters
Won 51% of popular vote and 489 electoral votes Republicans also gained control of the Senate
2 Ideas for Fixing the Country’s Economy
Monetarists = inflation was caused by too much money in circulation = fix it by raising interest rates
Supply-side Economics = economy was weak because taxes were too high, so lowering taxes will boost the economy people will invest and have more $$ to spend
Reaganomics is a combination of both
Reaganomics
1) Budget Cuts: Deregulation = cutting back the Federal
Government = letting businesses have more freedom
Funding cut to programs that helped the poor, ex: food stamps, welfare
2) Tax Cuts: Cut taxes by 25% = increases the budget deficit =
when you spend more than what you have coming in 3) Increase Defense Spending: