The Reagan Era By. Jessica Miller

"Ronald Reagan was president between January 1981- January 1989. Reagan's presidency was called the "Reagan Revolution".

Social Issues:

  • Federal Ban on Abortion
  • Legalization of Organized School Prayer
  • End to Court-Ordered Busing
  • Widening gulf between the rich and ordinary working Americans

Economic Issues:

  • Considered the worst recession since the Great Depression
  • Tax Rates were in the "Prohibitive Range".
  • Federal Reserve's contractionary monetary policy.
  • High Inflation of the price of goods.
  • Oil Crisis of 1973
  • Energy Crisis of 1979

Reaganomics- Ronald Reagan's answer to the recession of 1982. It was Reagan's economic policies based on the theory of Supply-Side economics. It called for the widespread tax cuts, decreased social spending, increased military spending and the deregulation of domestic markets.

Political Issues:

  • The Cold War/ Nuclear Arms Race- Reagan wanted to end the Cold War and Nuclear Arms race by negotiating a nuclear arms reduction agreement with the Soviets. This was credited for helping end the Cold War between the US and the Soviet Union.
  • Iran-Contra Affair- Involved the US selling arms to Iran while Iran was under an arms embargo. The US gave arms to Contra to help free six hostages.

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