Week 5 Student Response to Discussion 1 and 2

HIS206 WK 5 DQ1

Wayne Finner

5/31/2017 5:26:57 PM

Explain at least three reasons for the rise of conservatism in the last part of the 20th century. 1. The Vietnam War raise the conservatism, with the cost of the war America not only with the financial increase of billions tax payers money and also the cost of lives. 2. Inflation and the economic crisis of the 1970’s, with unemployment that rose up to 6% in the Nixon presidency. 3. Americans unrest with not having confident in the government with Washington cover-up such as the Watergate conspiracy.

Explain at least one way in which the rise of conservatism had a positive or negative impact for a specific group of Americans. The wealthy Americans are a group of conservatism that had a positive impact, by President Reagan gives tax cuts to the upper class Americans. According to Barnes, L. & Bowles, M. (2014). Reagan believed that the wealthiest Americans were taxed too heavily, and that this was hurting everyone by starving the economy of investment. He proposed reducing taxes, which in theory would enable wealthier Americans to reinvest in the economy and in turn create jobs for the less well-off. The wealthy got richer by the tax act of 1981 in which it lower the capital gains of big companies, and the middleclass suffer from the outcome.

Then, select an issue that you feel is important today. How does knowledge of history help us gain a better understanding of this issue? Reaganomics or supply-side economics is something that we are still seeing today from Reagan time in office to the two Bush administrations that also had the same views as Reagan. Polices that had been put in place set on a course that change the face of this nation. We can see how the big corporations taking their business to other countries for lower cost worker hurt the American economy. The people of this country must now look to how we can change to future so that we can have a future for the children. Reagan once stated “In this present crisis, government is not the solution to our problems. Government is the problem (Barnes & Bowl 2014)” and the government is still the problem today.

References:

Barnes, L. & Bowles, M. (2014). The American story: Perspectives and encounters from 1877. San Diego, CA: Bridgepoint Education, Inc.