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In 1989, after Reagan left office the Revolutions of 1989 saw Eastern European countries overthrow their communist regimes. Following the Soviet Union's dissolution in 1991 the United States emerged as the world's sole superpower and Reagan's successor George H.W. Bush sought to improve relations with former communist regimes in Russia and ...
The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation. [7] The results of Reaganomics are still ...
Milton Friedman, the monetarist economist who was an intellectual architect of free-market policies, was a primary influence on Reagan. [4] When Reagan took office, the country faced the highest rate of inflation since 1947 (average annual rate of 13.5% in 1980), and interest rates as high as 13% (the Fed funds rate in December 1980).
Reagan was first elected in 1980, when the U.S. gross domestic product fell 0.3%, according to data from the World Bank. During his first year in office (1981) the GDP grew 2.5%, but during his ...
The Monroe Doctrine, expressed in 1823, proclaimed the United States' opinion that European powers should no longer colonize the Americas or interfere with the affairs of sovereign nations located in the Americas, such as the United States, Mexico, Gran Colombia, and others. [2]
In addition, the U.S. has interfered in the national elections of countries, including Italy in 1948, [1] the Philippines in 1953, Japan in the 1950s and 1960s [2] [3] Lebanon in 1957, [4] and Russia in 1996. [5] According to one study, the U.S. performed at least 81 overt and covert known interventions in foreign elections from 1946 to 2000. [6]
Ronald Wilson Reagan [a] (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party and became an important figure in the American conservative movement.
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