He feared that the Spanish might do no better than the Serfs that had to work for free.
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<span>• Reagan implemented many conservative (or progressive, as he thought) policies during his presidency. Under "supply-side economics," he relied on heavy interest rates to curb inflation. He also made a tax reform to lower the tax rates of the wealthiest Americans. This was harmful to the American economy as the rich got richer and the poor got poorer. The unemployment rate went up as factories had to close down. Supply-side economics was this belief that lower taxes would stimulate economic activity. It led to large budget deficits and the national debt tripled. Reagan's policies inspired corporate takeovers, but left factories closing, job losses, and devastated communities. It threatened family stability and employment security.</span>
