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Reaganomics and Its Effect on Minority Groups

In: Social Issues

Submitted By bridgewaterc
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The most noteworthy component of Ronald Reagan’s two terms as leader of the free world are the laws, regulations, and policies passed under his two terms as President of the United States. These regulations soon became known as “Reaganomics”, a term that is still used today to describe these policies. Hidden underneath the manufactured depiction of Reaganomics policies by mass media lies a controversial observation: these policies may have created a permanent shift in American society which, as a result, disenfranchised minorities since they went into effect over thirty years ago. This particular idea or theory is exceptionally contradictory and has been distorted by not only various media outlets but by subsequent pro-Reaganomics politicians over the years. A closer look at the actions taken place under Reagan’s administration will explicate Reagan’s administration detrimental effect on members of minority groups which, in some cases, still affects these groups today. These policies include but are not limited to the reduction of social programming, the impoverishment of black people, the “War on Drugs”, the administration’s response to crises such as AIDS, and its approach to Civil Rights and LGBT rights (or lack thereof).
When former President Ronald Wilson Reagan was first elected into office in 1980, the country’s inflation rate was the highest it had been since 1947. After his election, President Reagan wasted no time in implementing his domestic policies for the economy. His economic policies were based on a school of thought called supply side economics. His economic plan included the following propositions: “reduce the growth of government spending, reduce marginal tax rates on income from labor and capital, and reduce regulation, and control the money supply to reduce inflation”. As a result, the administration afforded the American taxpayers the

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