Ronald Reagan's Reaganomics

Improved Essays
Ronald Reagan was born on February 6th 1911. He went on to be a radio announcer, a sports caster, and a Hollywood movie actor before becoming the Governor of California and finally making it all the way to 1600 Pennsylvania Avenue to become 40th President of the United States.
During the eight years Reagan served as President, he re-defined the role of politics and the impact it has in a Democracy. He gave vision in America that brought a new sense of hope and a message of encouragement. In 1980, Jimmy Carter, a Democrat, was President of the U.S. and all was going as wrong as anything could. America had inflation of 18%, oil prices were going through the roof, interest rates were high and we had an energy policy that was wreck less and not
…show more content…
In order to get the economy moving on again he put on a plan of his own called “Reaganomics”. Reaganomics was a bill that would outline a 25% across the board tax cut for everyone, even including businesses. Freeze prices and interest rates and finally present a budget freeze. However congress have voted down the budget freeze but passed the rest of Reaganomics. After it was passed, the economy started booming again until he increased military spending and defense spending by 15% at the same time having America fall into a huge downfall and led off to a bad start of what was hoping to be a side of relief. (Britannica School …show more content…
He started rebuilding our nuclear arms to match the number of weapons the Soviets had. By increasing our warheads he was able to get the Soviets to realize that they will not override one of the greatest militaries in the world. He increased the amount of men within the military and encouraged more to join the military in case of a dire emergency that a President who have to declare war on. Reagan’s view on defense was not highly liked by Democrats and they often criticized his policies of making us strong once again. (1984 Presidential Debate’s 1 &

Related Documents

  • Improved Essays

    Bush had to increase taxes, and Clinton had to take away spending from defence. Extract 2 mentions how the US 'ran huge trade deficits throughout the Reagan years '. Due to Reagan 's spending on defence, the US were placed in a debt of $2.6 trillion. This debt may have been a main cause in the recession in Bush 's presidency. Reagan 's economic policies did not help wealth return to the country, this means that Reagan 's economic policies did in fact lead to a major issue in the US 's economy, just as the critics from the 1980s…

    • 1020 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    Raised in a poor family in small towns of northern Illinois, Ronald Reagan graduated from Eureka College in 1932 and worked as a sports announcer on several regional radio stations. After moving to Hollywood in 1937, he became an actor and starred in a few major productions. Reagan was twice elected as President of the Screen Actors Guild, the labor union for actors, where he worked to root out Communist influence. In the 1950s, he moved into television and was a motivational speaker at General Electric factories. Having been a lifelong Democrat, his views…

    • 95 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    Ronald Reagan was the first US president after Dwight D. Eisenhower to get re-elected and finish two complete terms in office. He was the president from January 20, 1981 to January 20, 1989. Ronald Reagan's biggest accomplishment in presidency was to improve the self confidence that America had by strengthening the nation's economy. He did this by reducing inflation, increasing employment and cutting taxes to nearly 25 percent. He was also instrumental in appointing the first female Supreme Court Justice, Sandra Day O'Connor.…

    • 349 Words
    • 2 Pages
    Decent Essays
  • Superior Essays

    Ronald Reagan started his term in January of 1981 which he began his legacy. When he was elected into office, there was hatred that surrounded Reagan when he was elected. People didn’t necessarily like him because he was an actor from California who became the governor, who then became…

    • 2026 Words
    • 9 Pages
    Superior Essays
  • Improved Essays

    Ronald Reagan cut the money for lunches in public school and food stamps, because he believed that having such programs were bad. He also closed hospitals for the mentally ill which caused many people who were in these hospitals to become homeless and live on the streets…

    • 616 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    There have been many great presidents over the years. One could say that George Washington, Abraham Lincoln, and George H. Bush are among the greatest. However, many people over the years have decided that Ronald Reagan shaped this nation into what it is today. In this great president’s childhood, many people knew that he was a special kid simply because of how good of a person he was.…

    • 861 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    To this day people now are thanking our 40th president named Ronald Reagan for ending the Cold War and the Fear of Communism in the United States. Reagan died in 2004 when he was ninety-three, but he left and huge legacy behind him and has played a very huge role in the people's lives in the United States. Thanks to him people today have long lasting jobs, money, and careers being…

    • 718 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Introduction: Ronald Reagan was the 40th President of the United states. Through his life he accomplished many great feats. Ronald Reagan was a man that was truly talented in many different aspects. He was involved in many different platforms as an actor, governor, and finally a president. As an actor he worked as president of the Screen Actor’s Guild.…

    • 1195 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Reagan would serve as Governor of California, become president of the Screen Actors Guild during the time of the “Red Scare” while Gorbachev would become a reginal agricultural administrator and a…

    • 836 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Ronald Reagan and Franklin Delano Roosevelt can both be seen as two of the greatest American presidents of the 20th Century. With great presidencies also come great similarities and differences. Both began their presidency when the United States was undergoing severe economic distress. Roosevelt implemented his New Deal while Mr. Reagan enforced his combination of tax cuts and policy of less government intervention that has otherwise been known as “Reaganomics”. Both presidents instilled such a lasting optimism into within the United States.…

    • 1249 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    With Nancy Reagan’s encouragement, he entered politics and became a republican. In 1966, he was elected as the 33rd governor of California. Then Reagan went to Washington and ran for president. As a candidate, he redefined the message of the Republican Party to get the votes of ordinary Americans. In 1980, he was elected as the 40th president of the United States.…

    • 972 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Born on February 6, 1911, Reagan was born in Tampico, Illinois. Reagan was a typical American teenager; playing football and acting were his main hobbies in High School. He later became a radio sports announcer in 1937, which later won him a contract in Hollywood. In two decades. Reagan appeared in 53 films; This made his name well known among society.…

    • 1390 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Every president serves their term in different ways, the economy may be better with or worse with a certain president. One of the president’s job is being the “Chief Guardian of the Economy.” The president meets with economic advisers to discuss ways to reduce unemployment and meets with business and labor leaders to discuss their needs and problems. When they think the economy needs help they try to fix the problem, but it is not their fault if the economy succeeds or fails, they just make sure it runs smoothly. There has been presidents that have done great things for our economy.…

    • 294 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Ronald Reagan 's Policy Towards Foreign Affairs Ronald Reagan was the 40th President of the United States of America. His two terms as president were one of the most important times in American history. Reagan was a very unorthodox thinker compared to other politicians. Unlike other politicians, Reagan did not see things as black and white.…

    • 1251 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Ronald Reagan was the 40th President of the United States. He served two terms for a total of 8 years. In those years he overcame many things. He passed many surprising and impressive bills and laws. He ended the Cold War and confronted the War on Illegal Drugs head on.…

    • 1609 Words
    • 7 Pages
    Improved Essays