Answer:
keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression
Reagan promised:
- to decrease taxes
- to improve the economy
- to restore faith in the nation
- to make the US military stronger
In his inaugural address in 1981, Reagan said, "Government is not the solution to our problem; government is the problem." He talked much about lowering taxes and reducing the role government played in solving people's problems. He pushed for huge tax cuts in 1981 ... but then the government deficit soared and Congress (with President Reagan's signature) passed laws raising taxes again in 1982, 1983, 1984 and 1987 -- undoing much of the original tax cutting that had been done in 1981.
During Reagan's presidency, there were improvements in the economy and strong positive national feelings. But while Reagan talked about smaller government, federal government expenditure got bigger during Reagan's presidency, as it did under all presidencies in the second half of the 20th century. It's hard to promise smaller government and at the same time increase military spending (which was a Reagan priority). Federal government spending has gone up by about 2.3% (on average) under all presidents since World War II. It just depended on what programs they spent their money on. For Reagan, the priority was military spending.
They were chosen by being elected by people who had rights to vote.
The Panic of 1819 was the first significant economic crisis in the United States and led<span> to failed banks, property foreclosures, and widespread suffering in Alabama. The calamity resulted from the declining value of cotton—Alabama's main export crop—as well as other national commodities.
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