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When Reagan took office in 1981, United States of America is in the midst of economic stagnation and has been experiencing high inflation for almost ten years already. There is much debate about whether the major economic turnaround is caused by Reagan’s policies, or his policies sent more Americans into the plight for survival. This paper will look into Reaganomics from various political perspectives and would try to make informed conclusions whether Reagan’s policies aided Americans on its plight to survival or has made the matter worse.
Critics argued that Reagan’s policies are ineffective and does not support the figures that have come out in the open...
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