Project draft 1

Reaganomics: Rebuilding our economy
The facts
Before Reagan took over the presidency, commodities like oil had begun to lose supply and caused our economy into a ten year stagflation causing our economy to level off and even begin to fall. However Reagan planed to battle this with a four point economic strategy the points included 1. reduce the growth of government spending 2. reduce marginal tax rates on income from labor and capital 3. reduce regulation and 4. control the money supply to reduce inflation also known as the sound money policy. The ideals of Reaganomics were spawned from two of the policies Reagan endorsed during his campaign, to lower taxes and to create less government influence, influencing private investment for the government.