Ronald Wilson Reagan was born in Tampico, Illinois on February 6, 1911. His parents are Nelle and Jack Reagan, and …show more content…
Reaganomics focuses on tax reductions and promotes the usage of a free market. Reagan got this idea from Arthur Laffer, an economist who created the supply-side theories. George H.W. Bush during his 1980 Republican Primary said Reaganomics policies would never actually work in the real world.
Reagan increased spending on the United States defence. He built up the military by spending hundreds of millions of dollars on nuclear and conventional weapons and researching new military technologies. Reagan wanted to create an SDI project which would help protect the United States from nuclear attacks from the Soviets. This plan never went into effect due to it having a projected price tag of a trillion dollars.
U.S. and Soviet Union relations got better across Reagan's second term, as he negotiated treaties with the Soviet Union leader, Mikhail Gorbachev, declaring that both countries would tone down the amount of nuclear weapons being produced. President Reagan and President Gorbachev may have lead two very different forms of government but the two had great respect for one another. The U.S. and USSR relations may have gotten better, that did not stop Reagan from continuing his campaign against Communists around the