Reagan

...

...

1970- 2.4 million 1985 - 3.7 million

1970 - amount of low-income households vs 1985 - amount of low income households

15%

1982 how many living below the poverty line

1984 - $300 million 1988 - $1.6 billion (Reagan could no longer ignore the growing problem of homelessness and Congress pushed through a bill that gave help to homeless)

1984 - federal funding available for the homeless vs 1988

Unemployment rate for 1983

9.6%

250

Between 1980 and 1985 how many textile plants were forced to close?

300,000

Between 1980 and 1985, how many textile workers lost their jobs?

30%

Between 1980 and 1987, the average mortgage debt increased by how much?

18% to 26%

Between 1981 and 1986 the share of federal income tax paid by the rich increased from what to what?

1982

Bus Regulatory Reform Act deregulated bus services

1990

Bush breaks his no new taxes promise

1988

Bush elected president

1989

Bush had to sign the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) which bailed out some failing organisations, closed others, and set up new federal regulators (all at the cost of $150 billion)

23,000 (almost halved it

By 1982, how many pages from the Federal Register had Reagan cut?

1.3 million

By 1988 how many Americans were millionaires by assets?

42

By Jan 1987, how many states were running workfare programmes?

1987

By this time, there were 42 states running work programmes and whilst none of them made working on a programme a requirement for benefit, most required the claimant to be at least looking for work (workfare)

October 1984

Cable Communications Act deregulates cable communications

45

Carter approval rating?

1992

Clinton elected as president

1981

Economic Recovery Act passed (to encourage economic growth through reductions in individual income tax rates, incentives for small businesses, and incentives for savings, and for other purposes - Included in the act was an across-the-board decrease in the marginal income tax rates by 23% over three years, with the top rate falling from 70% to 50% and the bottom rate dropping from 14% to 11%.

January 1981

Executive order to deregulate oil and fuel prices (passed by Carter)

29th January 1981

Executive order to stop wage and price regualtion

1987

Extent of Savings and Loans Crisis clear; government bailout

1988

Family Support Act

1981

Farm Bill

4 times

Farmers were committing suicide how much more than people in any other profession?

Linda Taylor

Give an example of a famous 'welfare queen'

R - 5 N - 24

How many racial discrimination cases were filed during the 1st 6 months of the Reagan presidency compared with the Nixon presidency?

$32.5 billion

How much did Reagan cut from welfare programmes?

15%

How much did Reagan cut his staffs travel expenses by?

$1.2 trillion

How much did Reagan increase defence spending over 5 years?

574,000

In 1980, how many Americans were millionaires by assets?

17% receiving 60% of the subsidy funds

In 1980, what percentage of farmers were receiving what percentage of subsidy funds because so many had shut down?

34%

In Reagan's early days, what percentage of the population were considered 'unemployable' and thus weren't considered in the unemployment stats?

1984

Jesse Jackson ran for Democratic presidential nominee

1982

Job Training Partnership Act

Federal Emergency Management Agency

McKinney Act set up what?

1987

McKinney Act which set up the Federal Emergency Management Food and Shelter Program (gave federal money to homeless shelters etc)

Car and textile

Name 2 industries that were hit particularly hard by R administration?

a handful to 52

Number of billionaires in 1980 vs 1988

Aid to families with dependent children

OBRA altered what programme so it covered less people?

13th August 1981

Omnibus Budget Reconciliation Act (ORA) passed (established Reagan's fiscal priorities as tax cuts, reductions in domestic discretionary spending, and increased military spending.)

70% to 25%

Overall, Reagan cut the top rate of federal tax for the rich from what to what?

$160 billion

Overall, how much did the Savings and Loans scheme lose in the US?

3rd August 1981

PATCO air traffic controllers strike

1981

PUTCO strike (air traffic control)

1980 - 23% and 1987 - 28%

Percentage of federal spending taken up by defence in 1980 vs 1987

1989

Property market collapsed

1985

Protests by garment workers over foreign exports

40%

Reagan administration withdrew what percentage of funding from bilingual education?

52 (started with 68)

Reagan approval rating

500,000

Reagan claimed that how many new small businesses were set up between 1981-1982?

1987

Reagan force to pass Competitive Equality in Banking Act, providing money lost by the closed S&Ls

1985

Reagan passes the Food Security Act which gave federal help to farmers who were struggling with falling prices and the falling value of farmland (he didn't want to do this, Congress made him)

wouldn't put tariffs on foreign exports

Reagan stance on tariffs on foreign exports?

November 1984

Reagan wins second term as president

1984

Reagan's Star Wars Initiative

1982

Reagan's State of the Union address in which he said the administration had already: 1) cut federal regulations 2) helped bring down the price of petrol and heating fuel via deregulation 3) replaced federal agencies with private sector one - amongst other things

52

Reagan's approval rating by the end of his presidency

1981-89

Reagan's term

mid 1990s

Richest 1% controlled 40% of the nation's wealth

1981

Sandra Day O'Connor (uber-conservative) appointed by Reagan to the supreme court (1st female)

1981

Sandra Day O'Connor appointed to the Supreme Court

1987

Savings and Loans Crash

1982

Savings and Loans institutions deregulated

His friend, Rock Hudson, died

Some say R ignored the AIDS epidemic until what happened?

1987

Stockmarket crash

1982

Supposedly when did the R administration provide funding for AIDS research from?

1986

Tax Reform Act - lowered the top income tax rate to 28%

October 1986

Tax Reform Act passed (commonly referred to as the second of two Reagan tax cuts, lowered the top tax rate from 50% to 28% and raised the bottom tax rate from 11% to 15%)

1986

The farmers set up the National Save the Family Farm Coalition when?

1978 - $32 billion 1988 - $9 billion

The funding for building low cost homes in 1978 compared with 1988

Late 1970s and late 1980s

The number of millionaires had doubled between when and when?

Quadrupled

The rate of foreclosure (the repossession of a home by a mortgage lender because people can't pay) did what during R's presidency?

1981

Wage and price deregulation

anti

Was R pro or anti abortion?

Makes a family only eligible for benefits if one parent is working for at least 16 hours a week - single parents have to finish education and go into job training (the state will provide childcare)

What did the 1988 Family Support Act do?

set up federal housing project for people transitioning into being homeless

What did the Federal Emergency Management Agency do?

Gave help to farmers who were struggling because of the low prices of foreign goods

What did the Food Security Act of 1985 do?

transfers job training from federal hands to state hands and removes the need for trainees to receive minimum wage

What does the Job Training Partnership Act do?

Economic growth through tax cuts and deregulation

What is supply side economics?

Welfare Queens

What name did Reagan give to women who supposedly lived off welfare to criminalise them?

Work on state projects in order to receive your welfare

What was 'workfare'?

Disinvestment in public services in deprived neighbourhoods to cut back spending

What was planned shrinkage?

bi-coastal boom

What was the name of people moving from the North and East to the South and West because the new industries were there called?

two-tier wage structure

What was the structure called when businesses would offer younger, or less experienced or new people less money and benefits for doing the same job as someone experienced or older?

Cutting the federal deficit, cutting tax, deregulation and limiting the money supply (to reduce inflation)

What were the 4 aims of Reagan's Economic Recovery Programme?

1979 (when the USSR invaded Afghanistan)

When did the US stop exporting wheat as protest which hit farmers badly?

1987

When was the McKinney Act?

Bari-Ellen Roberts

Who was the woman who took Texaco to court in 1994 for racial discrimination which resulted in a $176 million pay out?

1973 - 26 hours a week 1987 - 16 hours a week

Workers found themselves stretched due to deregulation which meant working hours increased; in 1973 what was the average leisure time compared with 1987?

rising interest rates and changes to family credit regulations

Working families on benefits gained from tax cuts, however what 2 things hit them hard?

the expansion of the military

defence and technology industry were doing well because?

28% to 22%

in 1980, human resources took what percentage of federal spending compared with 1987?

500

in 1983, how many farms were being sold each month

6% and 8%

in 1987, the east coast states had what % of unemployment compared with the rest of the country?

20%

in Baltimore and Cleveland, what % of people were living below the poverty line?

-0.6% v +2.6%

income growth for middle/lower classes compared with upper classes

14%, 4%

inflation rate 1980 v 1988