Reagonomics

           Ronald Reagan became the 40th president in 1981 after Jimmy Carter. He was a fairly successful actor and a U.S governor before his presidency and he was able to win the presidency with his message that things could only get better with him as a leader. He posed the question "Are you better of now than you were 4 years ago?", which inspired many Americans to consider him the leader of an era of change from the 70s that many people had grown tired off. When Reagan was in office one of his main concerns was the economy as it was experiencing high inflation and low employment rates. To fix this issue he suggested a strategy that later was known as "Reagonomics". In this plan the government would give money to the investing class and through their investments and businesses the money would trickle down to the bottom of the pile. It would cut taxes on corporations and companies so they would be able to spend more and create more products. In this way people would benefit with the jobs and the new circulation of money. To make up for the tax cuts on the upper class, the government needed to cut from their own budget, this meaning benefit programs that many Americans relied on to survive. Reagan's plan relied on faith in the investing class to fulfill it's role, which was one of it's major faults. Though inflation did go down, Reagonomics was making the economy much worse as unemployment increased to rates seen in the Great Depression. Reagan, realizing the harm created by his program spoke to the American people expressing how his stubbornness got in the way of him properly analyzing the economic situation and the best solution.