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The Reagan era or the Age of Reagan is a periodization of recent American history used by historians and political observers to emphasize that the conservative "Reagan Revolution" led by President Ronald Reagan in domestic and foreign policy had a lasting impact. It overlaps with what political scientists call the Sixth Party System ...
The economy experienced a brief period of growth early in Reagan's first year in office, but plunged into a recession in July 1981. [90] As the recession continued in the first two years of Reagan's presidency, many within Reagan's administration blamed the policies of Paul Volcker, the chair of the Federal Reserve.
May 11 – President Reagan proposes phasing out the current limitations on earning of the retired by three years during a meeting with his Cabinet Council on Human Resources. [90] The Senate votes against proposals to double President Reagan's spending cuts and do away with the 1982 deficit of US$48.8 billion. [ 91 ]
Her later years were marked by her advocacy for research for Alzheimer's, which plagued Ronald Reagan for a decade. Nancy Reagan died in 2016 at the age of 94 and was buried at her husband's ...
Ronald Wilson Reagan [a] (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party and became an important figure in the American conservative movement. His presidency is known as the Reagan era.
The 1980s also marked the end of the era of rapid growth. In the 1960s, the U.S. economy was growing on average by more than 4 percent per year. Over the last decade, that figure stands at roughly ...
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 ...
The net effect of all Reagan-era tax bills resulted in a 1% decrease of government revenues (as a percentage of GDP), with the revenue-shrinking effects of the 1981 tax cut (-3% of GDP) and the revenue-gaining effects of the 1982 tax hike (~+1% of GDP), while subsequent bills were more revenue-neutral. [21]