The Whig theory, put into place after the Glorious Revolution, put a premium on the idea of civic virtue, placing the public good above personal interest. To promote such virtue, one needed a society in which property ownership was widespread. An agricultural nation, where farming was thought to encourage honesty, frugality, and independence, was less likely to become corrupt than a society dependent on commerce and manufacturing. In an agrarian society, politics would be less fractious because everyone's interest would be similar. In such a society representatives would be less fractious because everyone's interest would be similar. In such a society representatives would be equally affected by whatever laws they passed. This would prevent them from tyrannizing over the people by passing oppressive laws.
<span>The Whig view of politics was not democratic. It assumed that only men who owned property had a sufficient permanent stake in society to be trusted to vote.</span>
C that was one of the reasons why they needed more representativ government
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Reagan inherited an economy mired in stagflation. It's a combination of double-digit economic contraction with double-digit inflation. To combat the recession, Reagan aggressively cut income taxes from 70 percent to 28 percent for the top tax bracket. He cut the corporate tax rate from 48 percent to 34 percent. He promised to slow the growth of government spending and to deregulate business industries.
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