<em><u>There was overall prosperity, but federal spending and the national debt also increased.(d)
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Further Explanations:
Ronald Reagan the 40th President of America was born on 6th February 1911 in a low-income family of northern Illinois and graduated from Eureka College in 1932. He started his early career as a Hollywood actor and a Union leader. He had also served as the California’s 33rd governor. After becoming President he gained the fame of being modern influential Conservatism. One of his tremendous initiatives was the Strategic Defense Initiative, a missile defense system to guard United States from Nuclear attacks and submarines ballistic attack.
Reagan's economic policies were named as the Reaganomics that aimed at the economic policies such as tax deduction, increase in military expenditures and social expense downfall. He believed that the economy of the nation will only increase when the citizens will have enough money. His policies are still the question of debate that it was for the benefit of the nation against the national interest. It increased the difference in income gap as well as at the same time tripled the national debt.
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Answer Details:
Grade: High school
Subject: US History
Chapter: US President
Keywords:
Ronald Reagan, northern Illinois, Eureka College, Union leader, Hollywood actor, California, Conservatism, Strategic Defense Initiative, Nuclear, Reaganomics