Reagan and Conservatism (College Board AP® US History): Flashcards
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Why was Reagan's 1980 election seen as a turning point?
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Cards in this collection (13)
Why was Reagan's 1980 election seen as a turning point?
It was seen as a mandate to move away from 1960s-70s liberalism toward a more conservative path.
What were the main economic goals of 1980s conservatives?
They aimed at reducing the size and influence of government, cutting government spending, and cutting taxes.
Which social goals did 1980s conservatives promote?
1980s conservatives promoted traditional moral values, including opposition to abortion, traditional gender roles, and the nuclear family, along with tougher crime and drug laws and a firm anti-communist stance.
Define Reaganomics.
Reaganomics was Ronald Reagan's economic policy, based on supply-side economics.
Define supply-side economics.
Supply-side economics is the theory that cutting taxes and government regulation will stimulate economic growth.
What did the Economic Recovery Tax Act of 1981 do?
It cut personal income taxes by 25% over three years.
How did supporters argue tax cuts for the rich would help everyone?
The cuts would increase investment, creating new businesses and jobs that raised middle- and working-class earnings.
Which industries did Reagan deregulate?
Reagan deregulated banking (lifting interest-rate caps), mining on public lands, and offshore oil and gas drilling.
Which domestic programs did Reagan cut?
He cut welfare programs such as food stamps, student loans, and public transportation aid.
Reagan increased military spending to continue the fight against communism, in line with his "peace through " philosophy.
Reagan increased military spending to continue the fight against communism, in line with his "peace through strength" philosophy.
What were the short-term benefits of Reaganomics?
The short-term benefits of Reaganomics were economic growth and job creation in some sectors.
True or False?
In the long term, Reaganomics reduced the national debt.
False.
Tax cuts and defense spending raised the national debt, and in the long term income inequality rose and vulnerable people had fewer protections.
What role did the Moral Majority play in Reagan's rise?
It became a powerful voter base and played a vital role in his victory.
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