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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 does chasquis mean?
mary Reply
i need help
Maria
chasquis (also chaskis) were the messengers of the Inca empire. Agile, highly trained and physically fit, they were in charge of carrying the quipus, messages and gifts, up to 240 km per day through the chasquis relay system.
NAEEM
How did imperialism Effect America
Melinda Reply
when did the most distinguished leaders meet
Osvaldo Reply
what is the main idea of the passage
The Reply
what major industries emerged in the decades after the Civil war
ComicHickory Reply
Does militia men still exist in U.S.A?
Shakeel Reply
To contrast the steamboat of the antebellum to today’s technology?
Nyrah Reply
contrast the steamboats of the antebellum years with technologies today.
Nyrah
I love reading books about history.
David
I reading what happened earlier so much
melanda
I meant I love to read a lot
melanda
omg I never noticed this until now.
sunny
what advantages did people in urban areas have over rural areas?
HAILEY Reply
what factors helped cause the dust bowl
HAILEY
They had easy availability of food water. They had more comfortable life style as compare to people in rural areas. Better education was at there disposal
Shakeel
why did northerners lose thier resolve to pursue reconstruction
bambi Reply
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

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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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