US History - Unit 5 - Reagan and Rise of Conservatism

Ronald Reagan

U.S. president from 1981–1989 known for promoting conservative ideas such as lower taxes, smaller government, and strong national defense. His economic plan, called “Reaganomics,” focused on cutting taxes and reducing regulations. Reagan is often credited with boosting national confidence and helping end the Cold War.

Temporary Assistance for Needy Families (TANF)

A federal welfare program created in 1996 to replace Aid to Families with Dependent Children (AFDC). TANF provides financial assistance to low-income families but includes strict work requirements and time limits. It reflects the conservative push for welfare reform in the 1990s.

Reaganomics / Supply-Side Economics

President Reagan’s economic policy based on the idea that cutting taxes and reducing government regulation would encourage businesses to grow. Supporters believed that when businesses invest and expand, the benefits “trickle down” to workers and the economy. Key features included tax cuts, less government spending on social programs, and increased military spending.

Deregulation

A conservative policy that reduces government rules and oversight on businesses. During the 1980s, industries like banking, airlines, and energy saw major deregulation. Supporters argued it allowed businesses to innovate and lower prices, while critics said it increased risks and reduced consumer protections.