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His policies are credited to have helped weaken the Soviet Union and its control over Warsaw Pact countries. [3] Although scholars have pushed back against giving Reagan the lion's share of the credit. [4] Western confrontation combined with the Soviet Union's mishandling of domestic affairs lead to its weakening and ultimate dissolution.
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 gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.. Reaganomics (/ r eɪ ɡ ə ˈ n ɒ m ɪ k s / ⓘ; a portmanteau of Reagan and economics attributed to Paul Harvey), [1] or Reaganism, were the neoliberal [2] [3] [4] economic policies promoted by U.S. President Ronald Reagan during the 1980s.
This is a list of international presidential trips made by Ronald Reagan, the 40th president of the United States. Ronald Reagan made 24 international trips to 26 different countries during his presidency, which began on January 20, 1981 and ended on January 20, 1989. [1] Reagan visited four continents: Europe, Asia, North America, and South ...
From 'Star Wars' to 'Iron Dome for America' Former President Ronald Reagan had a vision for a missile shield that would change the deterrence model. It would feature ground-based capabilities ...
The officially stated goals of the foreign policy of the United States of America, including all the bureaus and offices in the United States Department of State, [1] as mentioned in the Foreign Policy Agenda of the Department of State, are "to build and sustain a more democratic, secure, and prosperous world for the benefit of the American people and the international community". [2]
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 ...
Four of those pillars of stability are the West Antarctic Ice Sheet, the Greenland Ice Sheet, and Amazon Rainforest, and the Atlantic Meridional Overturning Circulation (AMOC)—the ocean current ...