jan 20, 1981 - Reaganomics

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Reaganomics, commonly known as supply-side economics, was a policy implemented by President Ronald Reagan. It resulted in the polarization of American politics through issues like tax cuts and inequality. For example, Reaganomics was based on the idea that cutting taxes on businesses and wealthy individuals would boost the economy and create more jobs. The policy was supported by many wealthy elite conservatives, but many liberals argued that it was only being implemented in order to benefit the rich and would have negative impacts on the lower classes. This resulted in a large amount of resentment towards the wealthy conservatives and the rest of society, further polarize the United States.

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