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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 ...
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.
Reagan's former budget director, championed Reagan's tax cuts at first, but only a few years later sided with liberal critics that "supply-side economics" is "trickle-down" [43] [44] Political opponents of the Reagan administration soon seized on this language to brand the administration as caring only about the wealthy. [45]
Reagan portrayed himself as a political outsider, [105] and charged Brown as responsible for the Watts riots and lenient on crime. [104] In numerous speeches, Reagan "hit the Brown administration about high taxes, uncontrolled spending, the radicals at the University of California, Berkeley, and the need for accountability in government". [106]
Perhaps no day in Reagan’s presidency better embodied his policy transformations or the political ambitions of the Heritage Foundation than Aug. 13, 1981, when Reagan signed his first budget.
During the Reagan Administration, federal receipts grew at an average rate of 8.2% (2.5% attributed to higher Social Security receipts), and federal outlays grew at an annual rate of 7.1%. [23] [24] Reagan's administration is the only one not to have raised the minimum wage by its conclusion. [25]
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 ...
In 1992, Arkansas’ five-term governor became the first Democratic presidential candidate in nearly three decades to carry California, the political birthplace of Richard M. Nixon and Ronald Reagan.