jan 28, 1981 - Reagan begins carrying out trickle down economics

Description:

Reagan's "trickle down economics" would become a defining concept of his administration, but despite that it became quite controversial among liberals and lower class Americans, and for good reason. The idea that financially aiding the rich at the expense of the not-so rich so that they can use the extra money to help everyone may have it's positive effects on the overall economy on a surface level, but the idea is still too optimistic and when implemented does little to help anyone but the rich.

Image Source: https://en.wikipedia.org/wiki/Reaganomics

Added to timeline:

Date:

Images: