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6 Cards in this Set

  • Front
  • Back
Theory that tax reductions will increase investments and thereby encourage business growth
Supply-side economics
President Nixon's call for a new partnership between the federal government and state governmnet; president Reagan's plan to cut back the role of the federal government while giving more responsibility to the state
New Federalism
President Reagan's proposed defense system against a Soviet missle attack, popularly known as "Star Wars"
Strategic Defense Initiative (SDI)
How did supply-side economics change the federal government's tax policy?
Taxes were cut
Did Reagan's tax cuts achieve all of his economic and budgetary goals?
While the tax cuts did contribute to economic recovery, the budget was not balanced during his term.
How did Reagan view Communist governments in other countries?
Reagan wanted to confront Communist governments and prevent the spread of Communism