AMH-2020 Lecture Notes - Lecture 40: Barry Goldwater, Presidency Of Ronald Reagan, Correlation Does Not Imply Causation
Document Summary
Prior to politics, he was an actor. Ran for governor of ca in the late 1960s. Traditionalists like falwell and schlafly were looking for a conservative who shared their beliefs. Barry goldwater became more outspoken when it came to gay rights. Nixon became an advocate for affirmative action. Ford expanded civil rights act of 1965: ford"s (cid:449)ife refused to (cid:272)o(cid:374)de(cid:373)(cid:374) (cid:272)oha(cid:271)itatio(cid:374) Election of 1980: this is his second presidential run, he first ran in 1976. 1981-1982 recession: growth was slow, unemployment was high, paul volker runs the fed, appointed by carter. His goal was to get inflation under control. So he raises interest rates more expensive to borrow money if you are a business. Inflation finally under control: tax cuts (esp. for middle and upper class) and cuts to domestic spending. Lowered max rate that individuals could pay from ~70% to ~50% He believed if you cut taxes, people would put more money into the economy.
