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Quiz: The Reagan Years
Question 10 of 10

What happened during Ronald Reagan's second term in office?

A. A constitutional amendment requiring a balanced budget was passed.
B. Unemployment in the manufacturing sector decreased significantly.
C. The economy suffered a recession due to a massive stock market collapse.
D. The gap widened between rich and poor people in the United States.

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Answer :

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Final answer:

During Ronald Reagan's second term, the economy experienced rising income inequality and mixed economic outcomes.


Explanation:

During Ronald Reagan's second term in office, the following events occurred:

  1. A constitutional amendment requiring a balanced budget was not passed.
  2. Unemployment in the manufacturing sector decreased significantly.
  3. The economy did not suffer a recession due to a massive stock market collapse.
  4. The gap widened between rich and poor people in the United States.

In Reagan's second term, the economy saw rising income inequality, with the top fifth of households gaining while others stagnated or declined. The era of Reaganomics saw mixed economic outcomes, with notable growth in the stock market but increasing disparities between the rich and the poor.


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