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History of the Reagan Revolution - Essay Example

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This essay refers to the first policies within the Reagan administration, which saw an increase in defense spending, cut taxes, and limited social programs. Later, the essay discusses the changes that President Reagan tried to make in economic and foreign policy…
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History of the Reagan Revolution
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"History of the Reagan Revolution"

ck Caucus, his effort to limit the Civil Rights Commission’s power concerning employment favoritism cases, and his opposition to the expansion of the Voting Rights Act of 1965 was viewed as an assault on civil rights and as his administration’s main goal. Reduction in economic regulation that was initiated in the Carter administration went on, though at a slower rate. President Reagan eliminated or eased price controls on natural gases and oil, interstate bus service, and on water transport. Banks were permitted to invest in more assets, import barriers increased, and some new regulations on the existing laws were reduced. Monetary policy was a bit unpredictable, but proved quite successful. He approved the reduction of financial growth started by the Federal Reserve, a policy that resulted in both the extensive reduction in interest rates, inflation and the 1982 recession. Reagan’s administration kept its position on one aspect of monetary policy; in the first term, the government failed to mediate in the markets for foreign exchange till in 1985, when it irregularly intervened with the aim of reducing and stabilizing the dollar’s foreign exchange value. American economy experienced considerable turbulence under Reagan’s power regardless of the overall economic conditions. At the end of his time in government, Americans had foreseen the longest peacetime expansion than ever. In retrospect, the key attainments of Reaganomics were the spiky reductions in inflation and marginal inflation. In addition, these alterations were obtained at a much lower cost than anticipated. Reagan failed to meet some of his goals in the initial program. For instance, the Federal budget was notably reallocated from optional local spending to entitlements, defense, and paying...
In the essay, we see that Reagan Revolution was unspoken but well understood, dark and ugly subtext, and indeed expected that the revolution would return to the pre-civil rights era, when minorities, women, and blacks new their place. Changes that President Reagan tried to make in economic and foreign policy. The essay evaluates the foreign and economic policies set forward by Reagan, and it is important to assess how much of the projected policy changes were successful or if they were approved and the economic impacts they had. Reagan tried to change the American attitude and a sanitized picture of the past into a strong conventional ideological movement. We see in the essay that he appealed to the White Southerners’ that society was rolling out of control, yet the Democrats had no answers. Their hope was that a conservative Republican could fulfill Goldwater and President Richard Nixon’s promise to stabilize law and order, restore prosperity, and compress “permissiveness.” In this sense, the essay outlines Reagan’s role on foreign policy was to eradicate the miscellany of Great Society programs overwhelmed by many whites as regime handouts to blacks. However, Reagan did not succeed in this plan. Such shifting to the conclusion makes the essay attractive. In conclusion, the essay discusses the influence of President Reagan on United States policy today. Today, American leaders can keep their promises, and the country as a whole can be trusted as an ally, although there are always doubts about this. Read More
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