Conservatism and Reagan Revolution By: Carolyn Stoughton, Nick Giorgi, Ashley Magee Thesis/Theme The presidency of Ronald Reagan consisted of Christian values combined with a conservative mind-set. Background New Right in response to social changes in 1960s and 1970s Reinforce “traditional family values” through media and laws “Me” Decade Personal well-being Emotional security Goals of Conservative Movement Abortion Reduce government services Storyline Ronald Reagan’s beliefs: Rejection of activist welfare state Create a conservative-minded America Limit government support for women’s rights and civil rights Reduce government size Storyline Reaganomics Trickle Down Economics Invest in businesses to create more jobs and new wealth Strategic Defense Initiative Prioritized defense spending in federal budget Security to public, popularity for Reagan Reagan’s Budget Cuts Economic Recovery Tax Act of 1981 Lowered income and corporate taxes Reduce spending on domestic programs to lower interest rates Outcome Reduced tax on all income Reduced federal aid to poor areas National debt tripled Stock scandals Ivan Boeskey-used confidential information to illegally trade stocks Fear that 1987 stock crash would resemble Great Depression Trends 1. Focus on national defense rather than domestic programs and problems 2. Deregulation of business, decrease in federal government involvement 3. Rise of traditional Christian values