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What contributed to the economic crisis of the 1970s quizlet?

What caused the economic problems of the 1970s? Were they avoidable? The increased international competition, the expense of the Vietnam War, and the decline of manufacturing jobs.

Were Reaganomics good for the United States quizlet?

Reaganomics was bad for the economy because while it initially stimulated growth and recovery, it ultimately had more long term negative effects than positive, which were short lived. The first example was the climbing gap between rich and poor, because of Reaganomics' idea to strip welfare.

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How did Reaganomics impact lower middle-class and poor Americans during the 1980s? They suffered disproportionately from government spending cuts. Which of the following statements does the map support? The Soviets lost the firewall of allied states between themselves and Western Europe.

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What was Ronald Reagan's economic plan in the 1980s in regard to taxes and military spending? Ronald Reagan implemented a supply side economics to decrease taxes while increasing military spending.