Search results
Results From The WOW.Com Content Network
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.
February 1 – White House Chief of Staff James Baker says the Reagan administration inherited the worst economy in 50 years, that it will be the number one "priority of the administration" and that President Reagan will explain the economy in a televised speech in four days during an appearance on Face the Nation. [14]
The Reagan administration developed constructive engagement [325] with the South African government as a means of encouraging it to gradually move away from apartheid and to give up its nuclear weapons program. [326] It was part of a larger initiative designed to foster peaceful economic development and political change throughout southern ...
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 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]
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]
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 ...
Blue-collar workers were, however, mostly left behind in the economic boom years of the Reagan Administration, and the old factory jobs that had once offered high wages to even unskilled workers no longer existed. [20] Reagan went on to defeat Walter Mondale in the 1984 presidential election by a massive 49 out of 50 state landslide.