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Answer:
Economic theory holding that if a government provides benefits to big business and tax breaks to the wealthy and investors, those benefits eventually filter down to the lower classes. This discredited theory was also known as "voodoo" economics.
Alternate Answer:
Corrected Portion: The theory is that by freeing up taxation and regulation on those who produce goods and services (aka the supply-siders, aka the rich), demand increases, markets churn, and as a result employment increases and more money is sent to the Fed, increasing revenues; therefore, cutting taxes at the top 'trickles down' to benefit almost everyone.
It is similar in meaning to the phrase "supply-side economics," which was employed by presidents Kennedy and Reagan (arguably the two most popular and successful presidents in modern times) as well as Presidents Clinton and G.W. Bush (who, before the housing crisis, saw 52 straight months of economic growth under his watch). Historically speaking it has worked every time it's been tried. Hope this helps.
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∙ 11y ago
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The name given by journalists to Ronald Reagan's economic policy also known as trickle down economics which thought that reduced government spending tax cuts and increased military spending woul?
Reaganomics
President Reagan's economic policy was known as?
Reaganomics was the name given to Reagan's idea that revenue would be increased if taxes were lowered so that people had more more to spend, thus stimulating the economy.
How did the New Deal help people?
they became sex slaves & were sold for .25 a person. it gave financial, economic, and unemployment help to those in need and gave immediate help instead of slow business cycle and supply-side trickle-down economics.
Why was the reconstruction finance commission unpopular?
The RFC (Reconstruction Finance Corporation) was established by Congress in 1932. It was Hoover's desire to have the RFC lend money to banks, railroads, and other key economic institutions to make sure these institutions would remain in business. The idea was to help these businesses that had a shortage of capital. The RFC was not popular because the public viewed it as government helping big business at the expense of the workers who were earning less and the unemployed. It was based on Andrew Mellon's "trickle-down economics" but the problem was that little money trickled down to the average American.
How did north communist government supply the communist guerrillas in the south?
Via the Ho Chi Minh trail. Sometimes, earlier in the war via the rivers (waterways) but the US Navy's riverine forces slowed that down to a trickle.
Which president is linked to the trickle down theory of economics?
Which President is linked to the trickle down theory of economic
Why did herbert hoover's theory of trickle-down economics?
europe should provide help
What president led to the trickle fown theory of economics?
There is no such thing as the "trickle fown" theory, I think you meant the "trickle down" theory, if so there are already answers to this in WikiAnswers.
Which president first promoted trickle down economics?
Ronald Reagan first promoted trickle down economics.
Trickle down economics was an economic policy supported by?
Trickle down economics was an economic policy supported by Ronald Reagan.
Which president believed in the principle of trickle down economics?
Ronald Reagan believed in the principle of trickle down economics.
What is another name for reaganomics?
Trickle-Down Economics and Supply-side Economics
What president came up with trickle down economics?
Ronald Ragen
What president believed in the trickle down economics?
Ronald Ragen
Why did herbert hoover theory of trickle down economics fail to end depression?
Banks refused to lend to buisnesses.
Which president believed in the principle of trickle-down economics?
Ronald Reagan
What president believed in the principle trickle down economics?
Ronald Ragen
