Answers (it had a couple of names):
- Reaganomics
- Trickle-down economics
- Supply-side economics
Explanation:
Perhaps most famous feature of Reagan's economic policy was Reagan's emphasis on tax cuts, based on his administration's emphasis on "supply side economics" or what has commonly been called "trickle-down economics." The idea was that if you provided tax cuts to those at the top running business, they would invest more in their business, hire more workers, pay better wages, etc. Whether that's how it actually worked out is debated. The problems of Reagan's economic policy became apparent during the term of his successor, George H.W. Bush. In 1992, Bill Clinton won the presidency over Bush. Clinton's campaign focused on changing the economic dynamics that had resulted in an economic downturn by 1991. Clinton's campaign manager, James Carville, had identified a main issue for what the election was about in a famous phrase: "It's the economy, stupid."
