Reaganomics is the economic philosophy of Ronald Reagan that called for less federal government involvement in the economy and less regulation of businesses and corporations. This philosophy was also based around lowering the tax rate and the idea of supply side economics.
Supply side economics focused on the trickle down theory. This idea was that if corporations received tax breaks, they would use this money to hire/pay their workers. In turn, these workers would be able to spend money on goods within the economy. This would keep the economy going strong.
Congress supported these ideas by lowering the federal tax rate and putting less restrictions on businesses and corporations.
The influence of radical reconstruction in the south erode because
of the interest of the norths in regards of the radical reconstruction in which
led it to dwindle due to the fact that they suddenly had lost interest in it
and other factors such as the white democratic power that has been emerged and
an erupted scandal in the administration.
Puerto Rico is where is continued even after the Spanish forces surrendered in Cuba
