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Right Turn: Supply-side Economics

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Abstract
Reagan assumes the presidency at a time when the country is in economic crisis. During the campaign he had introduced his solution--supply-side-economics. With conservative backing, the Reagan administration decides to accept unemployment at a certain level, cut taxes on individuals and businesses, reduce federal spending, and remove some of the burdens of over-regulation. The administration allows the recession to continue into 1982 on premise that it will promote a major readjustment of the economy.
Series
America in the 20th Century, American History, American Studies, American Presidency, Unfinished Nation, The
Duration
00:04:06 (HH:MM:SS)
Language:
English
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njcore:20719