question archive Explain Reaganomics and the Reagan Doctrine

Explain Reaganomics and the Reagan Doctrine

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Explain Reaganomics and the Reagan Doctrine. What happened? What were the main values and goals of the new conservatism in the 1980s? 

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Reaganomics, from the name Reagan and a root word enomics, is a sets of foreign poliies created and initiated by President Ronal Reagan. Foreign policies mentioned includes, the Economic Recovery Tax Act of 1982 which aims to lower the federal revenues imposed. It is the Reagan Doctrine that the presidents of the United States followed when it comes to the initiation of a foreign policies. The doctrine usually deals with challenging international issues and to propose possible solutions. But the biggest problem is that the national debt tripled during Reagan years that leaves a great burden for the succeding generations to pay.

Reagan's administration stood firmly against the so called "evil empire" composed of communists and Reagan also believes that the smaller government should be imposed for he believes that the government is the main problem of the United States of America rathern than to solve a solution. Cultural conservatism were he also stood firmly as his main goal where abortion and happiness were given a new context from the book.

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