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motikmotik
2 years ago
10

What was a key element of Reagan's plan to meet the economic crisis in 1981?

History
2 answers:
Ann [662]2 years ago
5 0
First is A?   

Second is B?  

Hard questions.  
Marta_Voda [28]2 years ago
3 0

Answer #1:

<h2>a. raising interest rates to curb inflation</h2>

Answer #2:

<h2>a. increased inflation</h2>

Explanation:

The Reagan administration came into office with major economic problems to deal with in the United States.  It wasn't specifically President Reagan that raised interest rates; doing so is the job of the Federal Reserve.  But it was under President Reagan's watch that the raising of interest rates was pursued as a way of trying to control inflation.  As summarized by Zelkadis Elvi, writing an article for Yahoo Finance (November 22, 2013):  "In the early 1980s, the Federal Reserve was waging a war with inflation. In an effort to tame double-digit inflation, the central bank drove interest rates higher."  One of the results of the Feds moves to raise interest rates was that home ownership became more difficult.  Mortgage rates eventually reached over 18%.  But the economy did improve.

Another tool used in the Reagan years to deal with economic struggle was the the Economic Recovery Tax Act of 1981.  Tax rates were cut significantly in an effort to spur economic activity.

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3 years ago
Question 1
dybincka [34]
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2. The second excerpt here we can is from the point of view of an anti-federalists who opposed the ratification of the Constitution. Centinel was a pseudonym  of Samuel Bryan who opposed the ratification of the Constitution as he and his compatriots believed that a strong federal government would lead to a loss of freedom and the tyranny of the government. 

3. Shay's Rebellion is an excellent example that would support the the view of the Federalists and the need for a stronger federal government. Shay's Rebellion showed that the government outlined in the Articles of Confederation was ineffective as it could not put down the Rebellion as it lacked the authority to do so. So the need for a stronger federal government that could maintain peace and order was justified. 

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5. The other development that could explain these numbers is the passage of the Jim Crow laws in some states that were aimed at keeping the African Americans in subordinate position in relation to the Whites. Again South was leading in this kind of laws and it is no surprise that the number declined most dramatically. 

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3 years ago
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8 0
3 years ago
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2 years ago
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