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Economic Policies Of Ronald Reagan
Reaganomics (; a portmanteau of ''Reagan'' and ''economics'' attributed to Paul Harvey), or Reaganism, were the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies focused mainly on supply-side economics; however, opponents (including some Republicans) characterized them as "trickle-down economics" or Voodoo Economics, while Reagan and his advocates preferred to call it free-market economics. The pillars of Reagan's economic policy included increasing defense spending, slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation. The results of Reaganomics are still debated. Supporters point to the end of stagflation, stronger GDP growth, and an entrepreneurial revolution in the decades that followed. Critics point to the widening income gap, what they described as an atmosphere of greed, reduced e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Ronald Reagan Addresses The Nation From The Oval Office On Tax Reduction Legislation
President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsidenten'', a 1919 Danish silent film directed by Carl Theodor Dreyer * ''The President'' (1928 film), a German silent drama * ''President'' (1937 film), an Indian film * ''The President'' (1961 film) * ''The Presidents'' (film), a 2005 documentary * ''The President'' (2014 film) * ''The President'' (South Korean TV series), a 2010 South Korean television series * ''The President'' (Palestinian TV series), a 2013 Palestinian reality television show *'' The President Show'', a 2017 Comedy Central political satirical parody sitcom * ''Presidents'' (film), a 2021 French film Music * The Presidents (American soul band) * The Presidents of the United States of America (band) or the Presidents, an American alternative rock group *"The President", a son ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Board
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See It is headquartered in the Eccles Building on Constitution Avenue, N.W. in Washington, D.C. Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the chair and vice chair of the Board are two of seven members of the Board of Governors who are appointed by the president from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jimmy Carter
James Earl Carter Jr. (October 1, 1924December 29, 2024) was an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party (United States), Democratic Party, Carter served from 1971 to 1975 as the 76th governor of Georgia and from 1963 to 1967 in the Georgia State Senate. He was the List of presidents of the United States by age, longest-lived president in U.S. history and the first to reach the age of 100. Born in Plains, Georgia, Carter graduated from the U.S. Naval Academy in 1946 and joined the submarines in the United States Navy, submarine service before returning to his family's peanut farm. He was active in the civil rights movement, then served as state senator and governor before Jimmy Carter 1976 presidential campaign, running for president in 1976 United States presidential election, 1976. He secured the 1976 Democratic National Convention, Democratic nomination as a dark horse li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Petroleum Reserve (United States)
The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for . The United States started the petroleum reserve in 1975 to mitigate future supply disruptions as part of the international Agreement on an International Energy Program, after oil supplies were interrupted during the 1973–1974 oil embargo. The current inventory is displayed on the SPR's website. , the inventory was . This equates to about days of oil at 2023 daily U.S. consumption levels of or days of oil at 2024 daily U.S. import levels of . However, the maximum total withdrawal capability from the SPR is only , so it would take about days to use the entire inventory. At recent market prices ($66 a barrel as of March 2025), the SPR holds over $9.5 billion in sweet crude and approximately $12.9 billion in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage And Price Controls
Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free-market level. Incomes policies have often been resorted to during wartime. During the French Revolution, " The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to curb inflation, and such measures were also attempted after World War II. Peacetime income policies were resorted to in the U.S. in August 1971 as a response to inflation. The wage and price controls were effective initially but were made less restrictive in January 1973, and later removed when they seemed to be having no effect on curbing inflation. Incomes policies were successful in the United Kingdom during World War II but less successful in the post-war era. Theory Incomes policies vary from voluntary wage and price guidelines to mandatory controls like price/wage freezes. One varia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Richard Nixon
Richard Milhous Nixon (January 9, 1913April 22, 1994) was the 37th president of the United States, serving from 1969 until Resignation of Richard Nixon, his resignation in 1974. A member of the Republican Party (United States), Republican Party, he previously served as the 36th Vice President of the United States, vice president under President Dwight D. Eisenhower from 1953 to 1961, and also as a United States House of Representatives, representative and United States Senate, senator from California. Presidency of Richard Nixon, His presidency saw the reduction of U.S. involvement in the Vietnam War, ''détente'' with the Soviet Union and China, the Apollo 11 Moon landing, and the establishment of the United States Environmental Protection Agency, Environmental Protection Agency and Occupational Safety and Health Administration. Nixon's second term ended early when he became the only U.S. president to resign from office, as a result of the Watergate scandal. Nixon was born ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phillips Curve
The Phillips curve is an economic model, named after Bill Phillips, that correlates reduced unemployment with increasing wages in an economy. While Phillips did not directly link employment and inflation, this was a trivial deduction from his statistical findings. Paul Samuelson and Robert Solow made the connection explicit and subsequently Milton Friedman and Edmund Phelps put the theoretical structure in place. While there is a short-run tradeoff between unemployment and inflation, it has not been observed in the long run.Chang, R. (1997"Is Low Unemployment Inflationary?" ''Federal Reserve Bank of Atlanta Economic Review'' 1Q97:4-13 In 1967 and 1968, Friedman and Phelps asserted that the Phillips curve was only applicable in the short run and that, in the long run, inflationary policies would not decrease unemployment. Friedman correctly predicted the stagflation of the 1970s. In the 2010s the slope of the Phillips curve appears to have declined and there has been controver ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation And Oil Price 1969-1989 Color Corrected
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in real demand for goods and services (also known as demand shocks, including changes in fiscal or monetary policy), changes in available supplies such as during energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderate inflation affects economies in both positive and negative ways. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Debt Of The United States
The "national debt of the United States" is the total national debt owed by the federal government of the United States, federal government of the United States to United States Treasury security, treasury security holders. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the United States Department of the Treasury, Treasury and other federal agencies. Related terms such as "national deficit" and "national surplus" most often refer to the federal government budget balance from year to year and not the cumulative amount of debt held. In a deficit year, the national debt increases as the government needs to borrow funds to finance the deficit. In a surplus year, the debt decreases as more money is received than spent, enabling the government to Deficit reduction in the United States, reduce the debt by buying back Treasury securities. Broadly, US government debt increases as a result of Government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Regression
The Great Divergence is a term given to a period, starting in the late 1970s, during which income differences drastically increased in the United States and, to a lesser extent, in other countries. The term originated with the Nobel laureate, Princeton economist and ''The New York Times'' columnist Paul Krugman, and is a reference to the "Great Compression", an earlier era in the 1930s and the 1940s when incomes became more equal in the US and elsewhere. The Great Divergence contrasts with the "Great Prosperity" or Golden Age of Capitalism, where from the late 1940s to mid 1970s, at least for workers in the advanced economies, economic growth had delivered benefits broadly shared across the earnings spectrums, with inequality falling as the poorest sections of society increased their incomes at a faster rate than the richest. Scholars and others differ as the causes and significance of the divergence,Krugman, Paul.The Rich, the Right, and the Facts: Deconstructing the Income D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stagflation
Stagflation is the combination of high inflation, stagnant economic growth, and elevated unemployment. The term ''stagflation'', a portmanteau of "stagnation" and "inflation," was popularized, and probably coined, by British politician Iain Macleod in the 1960s, during a period of economic distress in the United Kingdom. It gained broader recognition in the 1970s after a series of global economic shocks, particularly the 1973 oil crisis, which disrupted supply chains and led to rising prices and slowing growth. Stagflation challenges traditional economic theories, which suggest that inflation and unemployment are inversely related, as depicted by the Phillips Curve. Stagflation presents a policy dilemma, as measures to curb inflation—such as tightening monetary policy—can exacerbate unemployment, while policies aimed at reducing unemployment may fuel inflation. In economic theory, there are two main explanations for stagflation: supply shocks, such as a sharp increa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
