Omar Elmougy- Furnish 4
Election of Reagan
1976 Republican Presidential Primaries - Gerald Ford (5,529,899) (53.29%) vs. Ronald Reagan (4,760,222) (45.88%)
1976 Republican National Convention (Presidential Talley) Gerald Ford (1,187 (52.57%)) , Ronald Reagan (1,070 ( 47.39)) and Elliot Richardson (1( 0.04%))
Ronald Reagan was Republican
Reagan lost the first election he was but later won in 1980 and 1984
1980 Republican presidential primaries Ronald Reagan (7,709,793 (59.79%)), George H. W. Bush (3,070,033 (23.81%)) and John B. Anderson (1,572,174 (12.19%))
States Carried - Reagan 44 and Bush 6
Ronald Reagan - 1,939 (97.44%), John B. Anderson 37 (1.86%), George H. W. Bush 13 (0.65%) and Anne Armstrong - 1 (0.05)
Reagan won by a majority of the votes
1984 Republican Presidential Primaries - Ronald Reagan (6,484, 987( 98.78%))
1984 Republican National Convention - Ronald Reagan 2,233 (99.91%)
1984 Popular and Electoral Votes - 54,455, 472/ 525 vs. 37,577,352/13
1980 Popular and Electoral Votes - 43,903,230/489 vs. 35,480,115/49
When Reagan took office the economy was one of the double-digit inflation and high interest rates.
During the campaign Reagan promised to restore the free market from excessive government regulation and encourage private initiative and enterprise.
Reagan's economic policies came to be known as "Reaganomics," an attempt, according to Lou Cannon, to "balance the federal budget, increase defense spending, and cut income taxes.
Reagan embraced the theory of "supply side economics," which postulated that tax cuts encouraged economic expansion which in turn increased the government's revenue at a lower tax rate.
During his first year in office, Reagan engineered the passage of $39 billion in budget cuts into law, as well as a massive 25 percent tax cut spread over three years for individual, and faster write-offs for capital investment for business.
Although inflation dropped from 13.5% in 1980 to 5.1% in 1982, a severe recession set in, with unemployment exceeding 10% in October, 1982 for the first time in forty years. The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates.
As Reagan left office, the nation was experiencing its sixth consecutive year of economic prosperity.
The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt.
The budget deficit was exacerbated by a trade deficit. Americans continued to buy more foreign-made goods than they were selling.
Reagan, however adhered to his free trade stance, and signed an agreement to that effect with Canada. He also signed, reluctantly, trade legislation designed to open foreign markets to U.S. goods.
From a secure position of military and economic power, President Reagan intended not merely to contain Soviet communism, but to reverse its gains and subdue it. He suspected the Soviet Union was not as strong as it appeared to be. And he predicted its collapse if challenged competitively by America.
The president believed the Soviet Union's government-controlled economy could not compete successfully against America's free-market system. So, he started a rapid, large increase in the quantity and quality of America's military technology and weapons and dared the Soviets to match it.
The president expected that the Soviet Union's command economy would run out of money and fail by trying to keep up with America's free enterprise system in an "arms race." As America's military buildup proceeded, President Reagan put forward another policy to complement it.
From a formidable foundation of military and economic power, the United States would promote freedom and democracy throughout the world.
President Reagan predicted that given a choice, people everywhere, even within the Soviet Union, would reject totalitarian government.
This policy, later named the "Reagan Doctrine," was expressed in the president's June 8, 1982, speech in London to the British Parliament. Here are a few examples from that speech:
"History teaches the dangers of government that overreaches–political control taking precedence over free economic growth, secret police, mindless bureaucracy, all combining to stifle individual excellence and personal freedom...
It is the Soviet Union that runs against the tide of history by denying human freedom and human dignity to its citizens.
What I am describing now is a plan and a hope for the long term–the march of freedom and democracy which will leave Marxism-Leninism on the ash-heap of history, as it has left other tyrannies which stifle the freedom and muzzle the self-expression of the people...
Our military strength is a prerequisite to peace, but let it be clear we maintain this strength in the hope it will never be used, for the ultimate determinant in the struggle that's now going on in the world will not be bombs and rockets, but a test of wills and ideas, a trial of spiritual resolve, the values we hold, the beliefs we cherish, the ideals to which we are dedicated."
President Reagan's Cold War policies were designed to spread freedom and democracy around the world and block the advancement of Soviet communism.
The Soviet Union's attempt to keep pace with America's military and technological advances was a significant factor in the decline of its state-run economy and helped to weaken its global strength.
- In particular, President Reagan's Strategic Defense Initiative intimidated the Soviet leaders and influenced them to negotiate with him to reduce nucler
His first budget proposal contained significant program cuts and a $25 billion increase in the defense budget.
In July 1981, just six months after he took office, Congress passed his plan to cut taxes by 25% over three years.
His commitment to economic principles founded on freedom and individual responsibility was not always politically advantageous.
The recession early in his presidency pulled his approval rating below 40%. Republicans lost 26 seats in the House of Representatives in 1982, and expressed concern about his “stay the course” message in 1984. But President Reagan had faith in his agenda, and it paid off.
Over the eight years of his administration, 16 million new jobs were created; inflation dropped from 13.5% in 1980 to 4.1% in 1988; unemployment fell from 7.6% to 5.5%; and the overall economy grew by 40%.
It’s no coincidence that tech companies flourished in the 1980s and 1990s under his pro-innovation policies, which set the stage for a smaller role for the government in the economy and gave the markets the freedom to work for themselves.