Impact of President Reagan's Policies

The video discusses the impact of President Reagan's policies on the U.S. government and economy. It highlights the ideological debate between Reagan's approach of reducing government intervention and the New Deal's supportive role. Reagan's policies, including defense spending and tax cuts, led to a significant budget deficit, which he later had to address by raising taxes. The video also covers the ongoing challenges of inflation and deficit that began during Reagan's presidency and continue to affect the U.S. economy.

What was the primary focus of Reagan's policies compared to the New Deal?

• Increased government intervention

• Promotion of free enterprise

• Expansion of social welfare programs

• Strengthening of international alliances

What was the New Deal's view of government's role?

• To help those who could not help themselves

• To minimize interference in the economy

• To promote international trade

• To focus solely on defense spending

Which political figure continued Reagan's ideological debate in the 1990s?

• Al Gore

• Newt Gingrich

• Bill Clinton

• George H.W. Bush

What was a significant economic consequence of Reagan's defense spending and tax cuts?

• Decrease in unemployment

• Growth in social welfare

• Reduction in inflation

• Increase in the budget deficit

What was a key element of Reagan's economic recovery plan?

• Raising tariffs on imports

• Increasing social security benefits

• Cutting taxes and reducing government regulation

• Expanding public sector jobs

Why did Reagan eventually have to raise taxes during his presidency?

• To fund new social programs

• To address the growing budget deficit

• To increase military spending

• To support international aid

What was one of the main criticisms of Reagan's economic policies?

• They led to a decrease in military strength

• They caused a significant increase in the budget deficit

• They resulted in higher unemployment rates

• They reduced the country's global influence

What economic issue was America facing when Reagan took office?

• Stable economy with balanced budget

• Low inflation and high employment

• High inflation and unemployment

• Deflation and economic stagnation

How did Reagan's policies impact inflation?

• They had no impact on inflation

• They initially reduced but later contributed to inflation

• They completely eliminated inflation

• They caused deflation

What ongoing issue is linked to Reagan's economic policies?

• Decreased international trade

• Persistent budget deficits

• Increased social welfare spending

• Reduced military expenditure