Among the distinguishing features of the nation's economic picture in the Reagan years was ________________.

Question

Quizplus · Accepted Answer

In the Reagan years, there was a wave of business mergers, often in the form of hostile takeovers, which led to consolidation and concentration of corporate power. This was a distinguishing feature of the era's economic picture. Option B is incorrect as insider trading scandals and corruption did occur during the Reagan years, including the infamous insider trading scandal involving Michael Milken of Drexel Burnham Lambert in 1989. Option C is also incorrect as the income gap actually widened during the Reagan years, with the wealthy benefiting more from tax cuts than the poor. Option D is not a significant feature and is not supported by any evidence.

Among the Distinguishing Features of the Nation's Economic Picture in the Reagan