explain how Ronald reagan's policies reflected conservative politics and helped the economy

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Ronald Reagan's policies reflected conservative politics and were aimed at promoting a smaller government, reducing taxes, deregulating industries, and promoting free market principles. These policies, commonly referred to as Reaganomics, played a significant role in shaping the U.S. economy during his presidency.

First, Reagan sought to reduce the size and scope of the federal government. He believed that a limited government would create an environment conducive to economic growth and individual freedom. This included cutting government regulations and bureaucracy, which he believed stifled entrepreneurship and innovation.

Second, Reagan implemented supply-side economics, which focused on reducing taxes to stimulate economic growth. He signed the Economic Recovery Tax Act of 1981, which implemented significant tax cuts for individuals and businesses. The argument behind this policy was that reducing taxes would leave more money in the hands of businesses and individuals, enabling them to invest, spend, and create jobs. The belief was that this would eventually lead to increased tax revenue as economic growth expanded the tax base.

Third, Reagan pursued a policy of monetary restraint and a commitment to fighting inflation. To combat rising inflation rates, he appointed Paul Volcker as Chairman of the Federal Reserve, who implemented tight monetary policies to reduce inflation. This approach helped stabilize prices and create a more stable economic environment.

Additionally, Reagan's policies emphasized the importance of free trade and reduced trade barriers. He believed that opening up markets and promoting international trade would lead to increased economic opportunities and growth. This was reflected in his signing of the Trade and Tariff Act of 1984, which aimed to reduce tariffs and promote free trade.

Overall, Reagan's policies aligned with conservative principles of limited government, free markets, and individual freedom. While there are debates about the long-term effects of these policies, many credit his economic agenda for the sustained period of economic growth that followed, often referred to as the "Reagan boom."

To understand the impacts of Reagan's policies on the economy, it is important to study and analyze economic data and trends during his presidency. This includes looking at indicators like GDP growth, inflation rates, unemployment rates, government spending levels, and tax revenue. Additionally, studying economic literature and analyses from various perspectives can provide a more comprehensive understanding of the topic.