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5 Terms
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Trickle down economics
Reagan believed reducing corporate taxes would lead to great profits and wealth will trickle down to poor
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Prime the pump
Roosevelt believed it would stimulate economics through govt spending usually during downturn
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New federalism plan
Shift power from national govt to states, states responsible for welfare projects, failed
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Supply side economics
Texas cuts, deregulation in industries, reduced govt spending
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Persian gulf war
Saddam Hussein invaded Kuwait, bush assembles international coalition foreign policy focus on political stability and human rights