Reagan: Recession (1 Jan 1981 Jahr – 1 Jan 1982 Jahr)

Beschreibung:

Cause:

1. tight monetary policy in an effort to fight mounting inflation
2. Reagan’s tax cuts
3. large increased in military spending

Effect:

1. unemployment rate had averaged slightly higher
2. productivity growth lower
3. private investment as a percentage of GDP slightly less
4. US trade deficit reached a staggering $150 billion a year
5. US became a debtor nation
6. national debt tripled from $900 billion to $2.7 trillion

Zugefügt zum Band der Zeit:

Datum: