The Reagan Administration Jan. 20, 1981 – Jan. 20, 1989 (20 janv. 1981 – 20 janv. 1989)

Description:

-tried to revive the economy by applying the theory of supply-side economics
-believed if corporate taxes were reduced, those corporations would have greater profits
-those profits would be used to buy more equipment and hire more employees, which would create more jobs (voodoo economics)
-New Federalism: opposite of the federalists, goal was to shift power from the national gov't. to the states. Never accomplished

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