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 actions of the British that led to the War of 1812 were:
- restrictions on US trade
- forcing American sailors to join the British Navy
In the first decade of the 19th century, Britain was at war with France but both countries continued to trade with the U.S. and this led to tensions.
War eventually broke out between the British and the U.S. because:
- the British were blockading France and refusing to allow the Americans to trade with them
- the British were capturing American sailors and using them to man Royal Navy ships
- the U.S. wanted to expand into Canada and saw this as an excuse to do so
In conclusion, the War of 1812 would not have happened if the British were not restricting U.S. trade and forcing American sailors into the Royal Navy.
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