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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, deregulation of the economy, and reducing government spending. In his first term he survived an assassination attempt, took a hard line against labor unions, announced a new War on Drugs, and ordered an invasion of Grenada. He was re-elected in a landslide in 1984, proclaiming that it was "Morning in America". His 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 USSR. Reagan subsequently negotiated with Soviet General Secretary Mikhail Gorbachev, culminating in the INF Treaty and the decrease of both countries' nuclear arsenals. The fall of the Berlin Wall and the dissolution of the Soviet Union occurred soon afterward. ...more

Panel #137
Ronald Reagan (1911 - 2004)
40th President of the United States

In office January 20, 1981 – January 20, 1989

King of Kings - by Lewis Lavoie