Reaganomics Essay

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Amongst one of the most pressing issues President Ronald Reagan inherited from the previous administration was an economy mired in an endless morass of stagflation. In response, Reagan’s administration implemented a programme of economic liberalisation under the banner of ‘Reaganomics’ to catalyse economic activity. However, critics of Reaganomics posited that these liberal market reforms served to benefit the upper classes of American society at the expense of its middle and lower classes. As a result, this essay asserts that this criticism is true to a large extent; while Reaganomics did instigate a period of consistent economic growth for the United States of America (USA), it also played a major role in exacerbating societal and economic

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