Reagan Revolution through President Obama

Strayer University

Reagan Revolution through President Obama

Part 1: Major Historical Turning Points and Impact

Before Reagan was elected the President in 1981, the economy of the United States was not in a good shape. Although the unemployment rate was on the decline, the rising inflation rate due to low interest rate of the Federal Reserve made the lives of the citizens quite difficult. This made the unemployment rate to increase suddenly but Reagan managed to keep things under control. The revolution Reagan brought in the economy of the United States continued through the years to President Obama having a positive impact on the economy.

In 1980, the inflation rate soared to around 14% and remained high. In order to solve this problem, the interest rates had to be increased which in turn has a negative impact on the employment rate. Although this caused the inflation rate to decrease significantly, the unemployment rate increased considerably. One of the turning points during this time was Reagans decision to cut taxes. This reduction in tax led to an increase in accumulated wealth with the rich and they were able to invest this amount which led to economic development and a decrease in the unemployment rate (Baker, 2007).

The fourteenth amendment is another turning point in the history of United States. It was part of the Reconstruction Amendments which also included the 13th and 15th Amendment. It redefined the definition of citizenship which led to several people becoming citizens of the country. It also protected people by providing everyone with equal protection. Race segregation was dismantled and the government was prohibited from depriving citizens of their rights (Epps, 2007).

These two points were among several turning points during this period which led to the United States becoming more democratic and social as it currently is. ...