InReagan graduated from Dixon High School, where he was an athlete and student body president and performed in school plays.
Wikipedia Ronald Reagan is the quintessential conservative — a president whose memory stirs passionate emotions of almost anybody that was alive during his tenure in office.
But exactly how much of this is based in fact? His policies were firmly rooted in the belief that lower tax rates would stimulate the economy. This was supposedly substantiated by the Laffer Curve, which stated that lowering tax rates to a certain level would stimulate the economy enough to offset any deficits produced.
But taking a look at the different budgets and laws passed, as well as the accumulated deficit over his presidential term, we see a rather different picture from what is often painted by his supporters.
The main issue is the federal deficit. Reagan cut many of the governmental programs, such as welfare, food stamps, and in some sectors like education. However, largely increased military spending offset any budgetary surpluses that could have been garnered during this time.
The tax cuts during this time, while largely sweeping, benefited the rich more than anybody else, because of the belief that trickle-down economics would benefit everybody due to increased spending on the end of the wealthy and corporations. It was believed that the economy could benefit from giving power to the corporations by deregulating and reducing government oversight, thus giving them an incentive Ronald reagans presidency essay produce more goods and services, and in the end boosting the lower and middle class.
Unlike any other time in recent history, wealth was drastically redistributed to the masses while wages for most average Americans stagnated thoroughly during the s. But in some cases, this actually caused problems, especially within the financial industry. While traditionally safe loans that reflected their value in both the assets and the person taking it out were the norm, waves of deregulations allowed people to invest in properties that were worth less than their loans.
They could make high-risk, speculative bets that could be made in risky locations, such as casinos, instead of the more stable home market.
Because these were subsidized with federal taxpayer dollars, this created a completely accountability-free, greed-driven atmosphere,the people who ultimately helped to cause the crash were left unharmed, yet policies did not change.
The issue here lies with the excessive pro-business stance of the time — a for-profit entity will do absolutely anything to make a buck, even at the expense of everyone else.
The Reagan administration failed to realize this, and taxpayers payed the price. That is undeniably true…except when you take a look at other presidencies, the job levels increased by many millions themselves See the chart for additional data — this comes from.
As a matter of fact, Reagan actually had to raise taxes during this time because his previous wave of tax cuts deprived the government of the funds it needed to function. This backtracking, while rarely mentioned, is highly indicative of the unsustainable nature of his transformative and, for the time, unique fiscal policies.
When given a full review, I find it hard to understand why people find the wave of tax cuts and deregulations to be good to our long-term health. Despite the short-term gains, the high-risk trading on Wall Street, deepening deficits, and stagnating wages have harmed us all as time wears on — and the more these policies continue implementation, the more of a negative effect they have on us.
A high progressive tax rate on the top gave big business more of an incentive to share its profits with their workers. Even recently, the effects of these same Reagan-style policies by Bush Jr.
Businesses became more successful under the Reagan administration, which does account for much of the perceived success during his time.
But it came a high cost for the middle class, and the culture of irresponsibility and greed on Wall Street and other big businesses arguably came into being during the 80s when the waves of deregulations and tax cuts came into effect — and we paid the price.
This helped to shape some of the key events that would take place through his terms, be it bad or good. All sectors of the military, as well as several projects among the most in famous being the anti-nuclear Star Wars program received expansions and upgrades.
This would sometimes lead to constitutionally questionable, even criminal, actions: This can be seen either way depending on which aspects you examine.
Others may see such actions as nothing more than political grandstanding intending to bully the rest of the world into submitting to our will and ideals.
To an extent, these are both true.
But in an arguable, tenuous way, the anti-Communistic, pro-military stance espoused during the s helped to bring an end to the Cold War.
In a remarkable break from preceding leaders, he was more interested in bringing about the end to the suffering and oppression from the old regime following protests and requests from the general population. The end of the nation was wrought when the USSR collapsed, but the cooperation on both ends can be seen as having aided the eventual transition between a Communist state and a democracy.
Not everybody feels that his decisions were for the benefit of America, and some, especially the moral-situated ones like the War on Drugs which Reagan did not formally start but he did escalate are often seen to having ultimately been detrimental to us in a variety of ways, primarily in the exploding incarceration rate in American prisons.
One of the most influential could arguably be considered a War on Drugs — an effort much-emphasized in accordance with social conservatism. While it was an altruistic effort, more or less it was a failure — and the next two presidents did nothing to change it either.
Not only are over half our prisoners drug users, but drug use has not declined since the crackdowns.Download "Presidency of Ronald Reagan" Essay ( Words)! ☘ of the United States of America, was sworn into office on January 20, came to power in an era marked by recession and the.
Essay: Ronald Reagan The little town of Dixon Illinois was the whole world for ‘Dutch’, little did anybody know that this little boy, from this little town would be important to the entire United states. Ronald Reagan was elected as the oldest president at sixty-nine years old on November 4th, Reagan was born in Tampico, Illinois and before he was elected he served two terms as California governor first year starting in Ronald Reagan's Presidency Essay Ronald Reagan's Presidency Truly, when Ronald Reagan took office in , the world was changing; his presidency would be one that would set the tone for the coming decades.
During his presidency, Reagan increased federal defense spending by 35 percent and began building nuclear weapons at an unprecedented rate (Ronald Reagan). In , one American serviceman was killed in a bombing in Berlin that injured 63 other members of the American military.
Ronald Reagan as a young man was a Roosevelt supporter, he was all for FDR, and when he took part in his first presidential campaign he made speeches for Harry Truman in When Reagan changed.