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president ronald reagan
As president, Reagan implemented sweeping new political and economic initiatives. His supply-side economic policies, dubbed “Reaganomics,” advocated reducing tax rates to spur economic growth, controlling the money supply to reduce inflation, deregulating the economy, and reducing government spending. In his first term in office, Reagan survived an assassination attempt, took a hard line against labor unions, and ordered an invasion of Grenada. He was reelected in a landslide in 1984, proclaiming that it was “Morning in America.”
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Reagan’s second term was primarily marked by foreign matters, such as the ending of the Cold War, the 1986 bombing of Libya, and the revelation of the Iran-Contra affair. Publicly describing the Soviet Union as an “evil empire,” he supported anti-communist movements worldwide and spent his first term forgoing the strategy of détente by ordering a massive military buildup in an arms race with the Soviet Union.
Reagan later negotiated with Soviet General Secretary Mikhail Gorbachev, culminating in the Intermediate-Range Nuclear Forces (INF) Treaty and the decrease of both countries’ nuclear arsenals. Gorbachev’s attempts at reform, as well as summit conferences with U.S. President Ronald Reagan and his reorientation of Soviet strategic aims, contributed to the end of the Cold War and the dissolution of the Soviet Union.
Reagan left office in 1989. In 1994, the former president disclosed that he had been diagnosed with Alzheimer’s disease earlier in the year; he died ten years later at the age of 93. His presidency is credited for generating an ideological renaissance on the American political right.