In a paragraph of 3–5 sentences, summarize how Reagan changed the role of government and evaluate whether his policies benefited the country. Give 2–3 specific examples of policies during the Reagan era that addressed the problems Reagan mentioned in his Inaugural Address.
Reagan believed in reducing the size and scope of the federal government, which he achieved through policies that promoted deregulation and tax cuts. His administration also focused on combating inflation and promoting economic growth through supply-side economics. One specific example is Reaganomics, which was a mix of tax cuts, deregulation, and anti-inflation measures. Another example is the Economic Recovery Tax Act of 1981, which significantly reduced income tax rates. Overall, Reagan's policies led to a period of economic growth in the 1980s, but they also contributed to a growing wealth gap and increased national debt.
