Ronald Reagan

Election of Reagan

When
  • November 4, 1980

What party

  • Republican

Running candidate

  • Jimmy Carter-Republican
  • John B. Anderson-Independent

How close was the election

  • Electoral vote-489
  • Sates carried-44
  • Popular vote-43,903,230
  • Percentage-50.8%

Issues/Concerns over the national budget

  • Reagan promises to restore free market
  • Reaganomics
  • Balance federal budget
  • Increase defense spending
  • Cut income taxes
  • Protected medicare, and social security
  • Supply side economics
  • Economic expansion
  • $39 million in budget cuts
  • Signed trade legislation
  • Opened foreign markets to U.S.

Reagan and the Cold War

  • Soviets and Afghanistan
  • Fear of soviets taking control of Persian Gulf oil fields
  • Increase U.S. naval presence
  • U.S. provides $300 million to fiancee war
  • Increase military spending
  • Strategic Defense Initiative aka "Star Wars"
  • Soviets believed it violated agreements
  • Science=more funding

Iran-Contra Imbroglio

  • November 1986
  • American diplomats
  • secretly arranged arm sales
  • Iran diplomats
  • Release American hostages
  • Money used to aid Nicaraguan rebels

Reagan's Economic Policy

  • Domestic budget cuts
  • Tax cuts
  • Reduce size of federal government
  • Stimulate economic growth