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Question

The Reagan Revolution

1‌‍‍‌‌‍‌‌‌‌‌‍‍‍‌‌‌‌‍) Conservative politics enjoyed a revival during the 1980s and 1990s.Identify conservative goals and assess the impact conservative policies had on U.S. society.

2) What is "neoliberalism"? Please utilize these resources below https://openstax.org/books/us-history/pages/31-introduction Chapter 31 https://www.hist‌‍‍‌‌‍‌‌‌‌‌‍‍‍‌‌‌‌‍oryisaweapon.com/defcon1/zinncarebu21.html https://www.reaganlibrary.gov/archives/speech/address-joint-session-congress-program-economic-recovery-1981 https://www.youtube.com/watch?v=OCrxD19DHA8 https://www.youtube.com/watch?v=2h4DkpFP_aw https://www.youtube.com/watch?v=Sgb8-i9COHU https://www.youtube.com/watch?v=lOWrqR_QFf‌‍‍‌‌‍‌‌‌‌‌‍‍‍‌‌‌‌‍g

Expert Solution

The Reagan election to the presidency in the 1980s marked a shift in the politics of the US. The Reagan government advocated for the rise of conservatism. As much as the shift had its drawbacks, the Reagan government achieved some of conservatism's goals. Therefore it is essential to understand the Reagan Revolution, the goals it achieved, and the impact it had in the USA.The Reagan government came into power when the inflation rate was high with high taxes and government spending. The primary goal of the Reagan government was to reduce the tax rates and cut government programs. The deduction in taxes was to motivate the top rich to invest in businesses and investments since the returns were high (Corbett et al.). The deduction in taxes would further motivate the creation of more businesses and increase job opportunities hence growing and leading to economic growth. The Reagan government successfully cut taxes for three years through the passing of the economic recovery act; however, Reagan did not successfully reduce government spending. Reagan also advocated against communism since it threatened freedom (Reagan). Reagan's administration increased the budget allocated for defense (Green). The government argued that it needed to increase its defense budget to balance its military abilities. An increased defense budget would also ensure that the countries' interests are protected in the face of their adversaries. Hence conservatism advocated a more robust defense system.

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