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Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.. Reaganomics (/ r eɪ ɡ ə ˈ n ɒ m ɪ k s / ⓘ; a portmanteau of Reagan and economics attributed to Paul Harvey), [1] or Reaganism, were the neoliberal [2] [3] [4] economic policies promoted by U.S. President Ronald Reagan during the 1980s.
Ronald Reagan was the 40th president of the United States from 1981 to 1989. Previously, he was the 33rd governor of California from 1967 to 1975 and acted in Hollywood films from 1937 to 1964, the same year he energized the American conservative movement.
Ronald Reagan's tenure as the 40th president of the United States began with his first inauguration on January 20, 1981, and ended on January 20, 1989. Reagan, a Republican from California, took office following his landslide victory over Democrat incumbent president Jimmy Carter and independent congressman John B. Anderson in the 1980 presidential election.
President Reagan, shown in 1981, based many of his policies on ideas from the Heritage Foundation publication "The Mandate for Leadership." Project 2025 makes up a majority of the latest edition ...
Throughout his eight years as president, Ronald Reagan proved to be what historians describe as a "transformational president," restoring hope and patriotism to a responsive people. His presidency ...
The average annual GDP growth during Reagan's presidency was the fifth highest since the Great Depression and the highest of any Republican president. [ 18 ] [ 19 ] Inflation decreased significantly, falling from 13.6% in 1980 to 4.1% by 1988, and 16 million new jobs were created. [ 20 ]
[4] [5] Headed into the 1984 presidential election, Reagan's ratings by CBS recovered, reaching 58% and higher throughout the next two years. [2] However, in January 1987, Gallup revealed that his rating dropped to 49% as a result of the Iran–Contra affair. By December 1988, the near end of his presidency, Reagan's rating recovered again at 63%.
Ronald Reagan's economic policies, dubbed "Reaganomics" by opponents, included large tax cuts and were characterized as trickle-down economics.In this picture, he is outlining his plan for the Economic Recovery Tax Act of 1981 from the Oval Office in a televised address, July 1981.