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Republicans back in the white house

After two unsuccessful Republican primary bids in 1968 and 1976, Reagan won the presidency in 1980. His victory was the result of a combination of dissatisfaction with the presidential leadership of Gerald Ford and Jimmy Carter in the 1970s and the growth of the New Right    . This group of conservative Americans included many very wealthy financial supporters and emerged in the wake of the social reforms and cultural changes of the 1960s and 1970s. Many were evangelical Christians, like those who joined Jerry Falwell’s Moral Majority, and opposed the legalization of abortion, the feminist movement, and sex education in public schools. Reagan also attracted people, often dubbed neoconservatives, who would not previously have voted for the same candidate as conservative Protestants did. Many were middle- and working-class people who resented the growth of federal and state governments, especially benefit programs, and the subsequent increase in taxes during the late 1960s and 1970s. They favored the tax revolts that swept the nation in the late 1970s under the leadership of predominantly older, white, middle-class Americans, which had succeeded in imposing radical reductions in local property and state income taxes.

Voter turnout reflected this new conservative swing, which not only swept Reagan into the White House but created a Republican majority in the Senate. Only 52 percent of eligible voters went to the polls in 1980, the lowest turnout for a presidential election since 1948. Those who did cast a ballot were older, whiter, and wealthier than those who did not vote ( [link] ). Strong support among white voters, those over forty-five years of age, and those with incomes over $50,000 proved crucial for Reagan’s victory.

A photograph shows Ronald and Nancy Reagan on the campaign trail. They stand amidst a cheering crowd, surrounded by red, white, and blue balloons. Nancy Reagan waves to the crowd; Ronald Reagan smiles and places a hand on her back.
Ronald Reagan campaigns for the presidency with his wife Nancy in South Carolina in 1980. Reagan won in all the Deep South states except Georgia, although he did not come from the South and his opponent Jimmy Carter did.

Reaganomics

Reagan’s primary goal upon taking office was to stimulate the sagging economy while simultaneously cutting both government programs and taxes. His economic policies, called Reaganomics    by the press, were based on a theory called supply-side economics, about which many economists were skeptical. Influenced by economist Arthur Laffer of the University of Southern California, Reagan cut income taxes for those at the top of the economic ladder, which was supposed to motivate the rich to invest in businesses, factories, and the stock market in anticipation of high returns. According to Laffer’s argument, this would eventually translate into more jobs further down the socioeconomic ladder. Economic growth would also increase the total tax revenue—even at a lower tax rate. In other words, proponents of “trickle-down economics” promised to cut taxes and balance the budget at the same time. Reaganomics also included the deregulation of industry and higher interest rates to control inflation, but these initiatives preceded Reagan and were conceived in the Carter administration.

Questions & Answers

what is taring and feathering?
Dominic Reply
Isnt there any laws in place for gun control?
Ryan Reply
How would you characterize the former president’s reaction? What do you think he means by writing that the Missouri Compromise line “is a reprieve only, not a final sentence”?
Tonda Reply
Compare and contrast the steamboats of the antebellum years with technologies today. In your estimation, what modern technology compares to steamboats in its transformative power?
Tonda Reply
airplanes to jets. Another would be electric trains.
Darren
I would say the Internal Combustion engine was as if not more transformative the the Steam power which it replaced. The ability of the Steamboat to rapidly move large amounts of goods through the water ways that weave there way from town to town increased our fledgling country's economy. I can draw direct coraleris with the National highway system built during the 1950's that were soon clogged with Transport trucks using I.C.E.
Pancho
what are the impact of the missionaries on indigenous knowledge of black communities
Don Reply
What were the initial issues that lead to the introduction of legislation
Benedicta Reply
what is the main title of franklin D roosevelt
Allan Reply
the president of the USA
Yangduk
who abolish slavery
ABDOURAHMAN Reply
Abraham Lincoln
Yangduk
who was the fists empire in americans
Alex Reply
who organized the most massive attack in American History, which caused the Germans to begin to retreat in September 1918?
Jmora Reply
"Black Jack" Pershing
Victor
Is there answers anywhere to all of the critical thinking questions?
Heather Reply
What were the direct causes of the civil war
Trinity Reply
How did slavery issues effect the war
Trinity
How were politics involved
Trinity
north wanted to unify the south
Maleek
south wanted independence
Maleek
freeing slaves was just a way to recruit black soldiers to fight for north
Maleek
Lincoln couldn't let the south separate from the union , agriculture was way to valuable
Maleek
South felt North was opposing their interests and would be better off as a separate nation
Victor
progressive reforms under Theodore Roosevelt
Karpi Reply
TR was determined to pursue the public interest
Victor
what was the main thing suposed to happen when the tea party
Gavin Reply
Which plan resolved the issue of representation for the U.S. Constitution?
Nichole Reply
The plan which became known as the seventeenth amendmet.
WIlliam
amendmet because not an article of bill of rights.
WIlliam

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Source:  OpenStax, U.s. history. OpenStax CNX. Jan 12, 2015 Download for free at http://legacy.cnx.org/content/col11740/1.3
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