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Reagan Era: Economics Vocabulary & Concepts

History
Year 9 / GCSE / Grade 8
9 questions
~18 mins
1 views0 downloads

About This Worksheet

A worksheet designed to develop understanding of key economic concepts during the Reagan era through vocabulary and conceptual questions.

Topics covered:

#Economics
#Standard
#Explain the impact of economic policies of the Reagan administration
#Vocabulary & Concepts
#Define key economic terms related to the Reagan era
#History
#Reagan Era
#Compare economic strategies used during the Reagan era
#Outline the effects of Reagan's economic policies on American society

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Reagan Era: Economics Vocabulary & Concepts

Subject: HistoryGrade: Year 9 / GCSE / Grade 8
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Untitled Worksheet

Grade Year 9 / GCSE / Grade 8
A

Vocabulary and Key Concepts

Reaganomics: The economic policies promoted by President Ronald Reagan, emphasizing tax cuts, deregulation, and reduction in government spending.

Supply-Side Economics: A theory that argues economic growth can be most effectively created by lowering taxes and decreasing regulation.

Budget Deficit: The amount by which government expenditures exceed revenue.

Deregulation: The process of removing or reducing state regulations to promote economic activity.

Tax Cuts: Reductions in tax rates aimed at increasing disposable income and stimulating economic growth.

Economic Growth: An increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Reaganomics: The set of economic policies associated with Reagan's presidency focusing on tax cuts, deregulation, and reducing the growth of government spending.

1.
Define 'Reaganomics' and explain its main objectives.
[3 marks]
2.
Compare supply-side economics with Keynesian economics in the context of the Reagan era.
[5 marks]
3.
Outline how tax cuts during Reagan's presidency were intended to influence the economy.
[3 marks]
4.
Explain the concept of deregulation and how it was applied during the Reagan era.
[3 marks]
5.
Compare the effects of Reagan's economic policies on inflation and economic growth.
[5 marks]
6.
Explain the term 'budget deficit' and describe its significance during Reagan's presidency.
[3 marks]
7.
Outline the main criticisms of Reagan's economic policies.
[3 marks]
8.
Analyse how Reagan's economic policies influenced American society in the 1980s.
[6 marks]
9.
Compare the economic policies of Reagan with those of his predecessors.
[5 marks]

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Details

Created
1/1/2026
Updated
1/1/2026
Type
worksheet
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