In its simplest form, Reaganomics stated that if you put more money into the hands of consumers, they will it.

2 answers:

8 0

In its simplest form, Reaganomics stated that if you put more money into the hands of consumers, they will SPEND IT.

guajiro [1.7K]3 years ago

4 0

The answer is: Spend it

Reaganomics are sets of economic principles which popularized by Ronald Reagan during his presidency.

According to this principles, If people have more money in their disposal (which can happen if the government reduce income taxes), The consumers will most likelly will spend those money for consumption purpose. As an effect, businesses will thrive and the United States' economy will grow. Creating a more prosperous society.

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When the Panama Canal was built in the early 1900s, the historical and political context was one of imperialism. President Theodore Roosevelt of the United States used military pressure and warships to force Columbia to recognize Panama's independence, and then arranged with Panama to cede a strip of land to the United States (for $10 million) so that the US could build the canal and control the canal zone for commercial purposes.
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