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Leya [2.2K]
3 years ago
5

In what ways did reagan try to fulfill the goal of less government involvement in the economy

History
1 answer:
aev [14]3 years ago
5 0
For starters, he cut down taxes on companies. He believed that the companies could then increase salaries and create new job opportunities. People could also join the market easier and open their own companies since the taxes were smaller. With more companies in the market, the competition was greater, the prices and the products were better. Or at least that's how it was supposed to work in theory.
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Depends on how you look at it.

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Nixon opening up relations with communist countries was very good in terms of opening trade with low wage labor economies like china which represented a big economic success for both America and China. Him opening up relations improved Americas standing with many nations of the world including the soviets leading to reduction of nuclear arms in the future, these are positive aspects to it. The negative aspect is that mutual benefit also helps communist adversaries of America, opening up liberal trade with china failed to bring democracy to China, in fact it only led to higher levels of authoritarianism and shady economic practices like currency manipulation which hurts American currency exchange value. Its complicated, i would personally say it was a good idea but with a few major drawbacks geopolitically.

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PLZ HELP ME!!!
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<span>Rhodesian's should be the answer</span>
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Read 2 more answers
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