Crisis In The 1970s Republican Resurgence, And Into The 21st Century

Crisis In The 1970s Republican Resurgence, And Into The 21st Century

Transition to the 21st Century

Answer the following short-answer questions

1. How did economic inequality increase during Reagan’s presidency?

2. How was Clinton able to reduce our national debt despite his increase in social programs?

3. How did George W. Bush put the nation at ease after September 11, 2001, and what actions did he take to retaliate against governments who supported terrorist groups?

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American History

Question 1

President Reagan is largely credited for having contributed to an increase in inequality in the country. In particular, his relaxed perspective on the role of taxation and tax policies in the country significantly contributed to increased differences between the rich and poor, in effect contributing to the increase in equality. Among his policies president Reagan cut tax rates and scaled back on the welfare programs, leaving the market to control the economy with limited government intervention (Prasad, 2012).

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