Ronald Reagan was an actor turned politician. He served as the US president from 1981 to 1989. His administration gave birth to ‘Reaganomics’ which brought recovery from the long-held depression of the American economy.
Early Life of Ronald Reagan
Ronald Wilson Reagan was born on Tampico, Illinois on February 6, 1911. He obtained his degree in economics and sociology from Eureka College. He also played football and became part of the university’s theater productions. Reagan proceeded to become a radio sports announcer and later on, after a screen test, became a Hollywood actor and acted in 53 films.
Reagan first married Jane Wyman and had two children named Maureen and Michael. Eventually, they separated and Reagan married Nancy Davis in 1952. They also had two children, Patricia Ann and Ronald Prescott.
Reagan in the Political Scene
Reagan then became the president of the Screen Actors Guild. As he become involved in issues regarding the rise of Communism in the film industry, Reagan changed his political views. He became a conservative, even becoming a spokesman and an ambassador for the said ideology. Reagan became the Governor of California in 1966 for two terms.
In 1980, Ronald Reagan became the presidential bet of the Republican Party. George Bush became his running mate. The infamous reputation of Democratic Party’s policies regarding inflation and engagement in war led to the victory of the Republicans. Reagan won by landslide against James Carter.
Reagan’s Next Act as President
Ronald Reagan assumed office on January 20, 1981. Roughly making it to his first 100 days as a president, Reagan was shot by an assassin. Fortunately, he was able to recover and return to office. This particular incident made him famous not only among his political circles, but also within the masses as well.
Upon his return, Reagan seized the opportunity to implement policies to pick up the nation’s economy. He also dealt with long standing yet unresolved issues such as inflation, unemployment, and inland security. Also stemming from Keynesian principles, Reaganomics was born through widespread measures on liberalization, privatization, and deregulation.
Because Reagan and his administration was successful in restoring the American dream, he and running mate Bush were able to secure a second term by a large margin. The duo defeated Walter F. Mondale and Geraldine Ferraro from the Democratic Party.
During his second term, Ronald Reagan reformed the income tax code. It decreased tax deductions and placed safety measures for low income classes. His popularity ratings soared high, and became associated with the ‘Reagan Revolution’.
Reagan at the International Stage
One of the main concerns of the Reagan Administration was solidifying peace agreements with the USSR. He attended meetings with Mikhail Gorbachev and further secured treaties to prevent nuclear attacks. He also defended the international community against terrorism. One notable event was when Reagan sent forces to Libya in lieu of its involvement in attacking American military forces.
On another issue of security, Reagan stabilized the supply of oil despite an ongoing war.
Indeed, it seemed that he was able to deliver his promise of helping America get back on its feet: