To be completely honest, the current economic condition of the United States is not something enviable. But, if you look at the past, you will get a clearer picture of the economy as a whole. Today, we will take a look at the Ronald Regan administration, and try to look back at that crucial period of modern history. During Regan’s term, given that it was a difficult time as the cold war was at full swing, the recession in the United States was quite problematic. Insidermonkey experts made a article of Reaganomics facts: good, bad, failed or successful.
Many consider 1981 – 1982 to be the worst year of the recession. But, the Regan administration came up with some drastic policies to combat the situation and also took some unusual measures. For any student of economics and any economics savvy person, I believe this article holds a lot of value. This article is like a window into the past of US history of a very difficult time. I highly recommend the article to you, given you are interested in learning about the country’s economy. You can also check our list of 20 Richest Countries in the World by GDP Per Capita.