The economic trends of the 1980s and the policies of the Reagan administration
A) disproportionately benefited wealthy Americans.
B) revitalized sagging "rust belt" industries in the Northeast.
C) dramatically increased the share of the national wealth for the poorest Americans.
D) brought new wealth to low-skilled or semi-skilled workers.

Question

Quizplus · Accepted Answer

The economic policies of the Reagan administration, often referred to as "Reaganomics," included tax cuts, deregulation, and increased military spending. While these policies were credited with stimulating economic growth and reducing inflation, they also led to a significant increase in income inequality. Wealthy Americans disproportionately benefited from the tax cuts, as they were skewed towards the higher income brackets. This period did not see a revitalization of the "rust belt" industries, nor did it dramatically increase the wealth share for the poorest Americans or bring new wealth to low-skilled or semi-skilled workers.

The Economic Trends of the 1980s and the Policies of the Reagan