From the day that Ronald Reagan was elected President of the United States, in November 1980, he had a huge task ahead of him, to develop an economic plan or policy to implement into the national economy. President Reagan felt that he needed to base his economic program on the basis of supply side economics (Encyclopedia Britannica, Britannica.com, 2000). This theory is a very complex idea that President Reagan developed himself, so many people gave it the name of Reaganomics (Encyclopedia American, gi.grolier.com , 2000). The theory of Reaganomics called for a significant reduction in all forms of taxes and an adequate cutback on governmental spending so there will be more money in the hands of the American citizens. The main goal of the supply s...
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...s special powers that only he can exercise and some of the include; Commander in Chief, Treaty making power, Judicial appointment power, and Chief Administrator. He had to exercise a few of these special powers when it came down to him dealing directly with foreign affairs and policy. Chief Administrator and the judicial appointment powers are used in Domestic Affairs. The other major way that this paper is related to class is the fact that Ronald Reagan was the 40th president in United States history. This class, the books, and the lectures all dealt with the American Presidents and how they handled their time in office. Ronald Reagan had a very high approval rate from the American public. He handled his time in office and the issues that came up while he was in office with great success. He is definitely one of the Greatest American Presidents in history.
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