What was one effect of the Reagan revolution in 1980

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Yandel Welch

History

2 December, 11:10

What was one effect of the Reagan revolution in 1980

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Reuben · Answer 1

One of the biggest effects of the Reagan Revolution was the economic policy of Reaganomics. This economic theory focused on supply-side economics and deregulation of corporations and businesses.

This theory argued that wealth would "trickle down" to the consumer/worker by giving corporations taxes breaks that would allow them to have more capitol. If businesses have more capitol, they can hire more workers. If more workers have money, they can spend it in the economy. The goal of this plan was to rejuvenate the economy and to get currency flowing on a more consistent basis.