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