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History exam - Essay Example

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Middle-class families’ incomes increased one percent, while affluent Americans’ incomes rose by nine percent. Reagan’s tax regulations favored affluent families over the…
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Download file to see previous pages As Reagan reduced taxes, defense expenditure made it unattainable to have a balanced budget. This enlarged budget, coupled with the anti-Soviet campaign, increased America’s debt, as Americans could not contribute due to their reduced tax contributions. Incurred debt was transferred to the government. This led to many Americans experiencing economic hardship; they had to work harder and longer, as they had limited opportunities to progress professionally.
Reagan encouraged growth of clandestine segment initiatives. He anticipated being able to reassign some federal responsibilities to the private sector. This initiative led to many developments domestically. Citizens enhanced their livelihoods and spontaneous services increased; domestic competition created growth in the private sector. On the domestic front, Reagan received much credit; he was productive and future-oriented (Knopf, 200).
Although Reagan stopping the Vietnam War helped the U.S. maintain peace, it encouraged fresh new attacks from other territories. The Soviet Union consequently bombed an American aircraft, and the country faced attacks from Iran and Lebanon. Because of this, many Americans military groups felt the need to defend their country. This led to antagonism from each side. Americans had to be careful, as it was no longer considered to be peaceful. The Arabs and Lebanese were waiting for a chance to strike.
Reagan did not gain favor nationally due to tax discrepancies in Americans’ incomes. This created a divide; some saw themselves as superior (those with a nine percent reduction in taxes), while others (those with a one percent reduction) saw themselves as inferior. These groups could not compromise because they saw themselves as dissimilar societal classes. Reagan enhanced the gap between the underprivileged and the rich.
Reagan’s administration formed a ...Download file to see next pagesRead More
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