The plan that Reagan put in place for the improvement of the economy is known as Reaganomics. Reaganomics was a theory that if we potentially lower tax rates people would want to work more for more money, this would ultimately boost the economy. The four main objectives were to reduce how much money the government spends, reduce taxes, control money supply, and reduce regulation. This method to improve the economy would be in favor of the wealthy, which sounded unappealing to the middle and lower class, but Reaganomics proved that if it favored the wealthy they would spend and invest more.
