Reaganomics and Cold War Policies

Which of the following groups was NOT part of the conservative coalition that supported Ronald Reagan's election in 1980?

• Religious conservatives

• Economic conservatives

• Anti-government crusaders

• Labor union members

What was a primary goal of Ronald Reagan's economic policies, often referred to as "Reaganomics"?

• Increase federal regulation of industries

• Raise taxes on wealthy Americans

• Stimulate economic growth through tax cuts and reduced government spending

• Expand social welfare programs

What was a significant outcome of the Tax Act of 1981 and the Tax Reform Act of 1986 during Reagan's presidency?

• Increased the top income tax rate to 70%

• Eliminated all federal income taxes

• Reduced the top income tax rate to 28%

• Introduced a new national sales tax

Which of the following accurately describes an economic effect during the Reagan era, following the implementation of supply-side economics?

• Wages for most workers significantly increased

• The national debt decreased substantially

• Inflation rates rose sharply

• The economy experienced consistent increases in Gross Domestic Product (GDP) after an initial recession

What was the outcome of the 1981 PATCO strike when unionized air traffic controllers went on strike?

• The government negotiated a new contract with the union.

• The striking workers were replaced and fired by the government.

• The strike led to widespread support for labor unions.

• The air traffic controllers were granted their demands after a short strike.

How did economic inequality change in the United States by the mid-1990s compared to two decades prior?

• The richest 1% controlled a smaller share of the nation's wealth.

• Middle-class family incomes significantly increased.

• The poorest 20% saw a rise in their income.

• The richest 1% controlled double the share of the nation's wealth.

Which of the following was a key component of President Reagan's strategy during the first term of the Cold War?

• A significant reduction in military spending.

• A policy of non-intervention in global conflicts.

• The development of the Strategic Defense Initiative (SDI).

• Increased cultural exchange programs with the Soviet Union.

What was the central illegal activity in the Iran-Contra Affair during the Reagan administration?

• Selling advanced military technology to the Soviet Union.

• Illegally selling arms to Iran and using the profits to fund rebels in Nicaragua.

• Providing financial aid to communist governments in Latin America.

• Engaging in unauthorized surveillance of political opponents.