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How Did Ronald Reagan Influence The Economy

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Reagan Rough Draft From actor to political icon, Ronald Reagan did it all. Ronald Reagan, the 40th president of the United States, lead the USA through tough times with prosperous outcomes. Growing up in Tampico Illinois, Reagan became an actor in his 20’s. In the coming years, Reagan was elected to governor in California and later president of the United States. Ronald Reagan was an influential leader due to his actions in the Cold War, his stance on international peace, and his impact on the US economy. Between 1981 and 1989, Ronald Reagan was a major force in creating a peaceful end to the Cold War. The military spending policies of the Reagan-Bush years forced the Soviets to the brink of economic collapse (Jim Woods). This was beneficial to ending the Cold War because the Soviets could not afford to move resources, Nuclear Missiles, into firing positions. In particular, President Reagan's Strategic Defense Initiative intimidated the Soviet leaders and influenced them to negotiate with him to reduce nuclear weapons (Jim Woods). By lowering the number of weapons, the threat in return decreased, easing tensions in the USA. The two leaders held four summit conferences between 1985 …show more content…

During his lead, the American economy went from a GDP growth of -0.3% in 1980 to 4.1% in 1988, averaging 7.91% annual growth in current dollars (William K. Niskanen). Under Reagan many jobs were created, leading to an increased GDP. November 1982, when Reagan’s economic policies began to take effect, to November 1989, shortly after he left office, 18.7 million new jobs were created; a record for a comparable period at that time (Independence Hall). Another positive effect of jobs was money for families. Reagan also simplified the tax code by reducing the number of tax brackets to four and slashing a number of tax breaks (William K. Niskanen). By eliminating tax brackets, the tax system was positively affected saving time and

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Presidential Power Ronald Reagan served as America’s 40th president. Reagan managed to cut taxes, increase defense spending, negotiate a nuclear arms reduction agreement with the Soviets and is credited with helping to bring a quicker end to the Cold War. I think that president Reagan used his presidential powers properly in order to achieve what needed to be done. Ronald Reagan was president as the Cold War was raging worse than it had ever before. Reagan used his executive power, Commander in Chief, to put up resistance against Mikhail Gorbachev and push his defensive strategy.

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Ronald Reagan was one of the greatest Presidents in the history of this nation, and he accomplished great things that were of great beneficial to the nation. First off, The Cold War had raged since World War II and communism‘s quest for world domination remained an existential threat to the United States when President Reagan took office. Reagan reversed the policy of detente and stood firm against the Soviet Union, calling it the Evil Empire and telling Mikhail Gorbachev to “tear down this wall” in Berlin. He was relentless in pushing his Strategic Defense Initiative and gave aid to rebels battling Soviet-backed Marxists from Nicaragua to Angola. Those efforts were critical in the ultimate collapse of the Soviet empire and essentially ended

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Franklin Roosevelt was a very influential and important president in American history who had an immense impact on the American economy and social policy during the 1930’s and 40’s and throughout the future of America, he also shared some ideas with the author John Steinbeck. He idolized Theodore Roosevelt, and took great inspiration from him. He has served as president for longer than any other president in history, serving for three terms instead of the usual two that is generally accepted as the maximum amount of time that a president can serve. He drove America out of the great depression and through the second world war.

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Regan believed that taxes were one of the biggest reasons for the awful economy of the U.S. He believed that by cutting taxes, he would drastically improve the economy of the U.S.. As stated in the article “Political Career and Presidency of Ronald Reagan” Reagan signed," into law his sweeping tax cuts and budget cuts. "("Political " 2) on August 13th, 1981.

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Ronald Reagan was the 40th president of the United States. He was born February 6, 1911. After high school, he attended college. After graduation, he became a radio broadcaster. In 1937, he won a contract in Hollywood.

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Ronald Reagan was an American politician who had become the 40th President of the United States of America. He had served eight years from 1981 till 1989. He was the President that would restore prosperity to United States and achieve “peace through strength” as they say. One of the top achievements that Reagan had accomplished

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The corporate income tax rate was reduced from 48 percent to 34 percent” (Niskanen). As rich saw their wages increase drastically and everyone else waited for the “trickle-down” to occur but, the result was disappointing as the growth of average wages stayed almost the same. These new jobs that were created, turned out to be low-wage work which ultimately increased the wage inequality in America. Reagan also wanted to deregulate the control on industries but, this caused the savings and loan industry to collapse because of fraud. ” In the airline industry, deregulation led to the failure of many airlines, while others were bought out by rival airlines; the ultimate outcome was less competition and higher ticket prices”(Gale Encyclopedia).

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When Ronald lowered tax rates the economic growth would occur. It led to the increasing of economic growth and higher employment and wages. Reagan did not like the idea of raising the income taxes. During Reagan's presidency, the top federal income tax rates were lowered from 70 percent to 28 percent. The people loved him being president because of all the help he gave.

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In 1987 he forged a diplomatic relationship with Mikhail Gorbachev chairman of the Soviet Union. That same year the U.S. and the Soviet Union signed a historic agreement to eliminate intermediate range nuclear missiles. Later that year Reagan spoke at the Berlin wall a symbol of communism and challenged Gorbachev to tear down the wall “ Mr. Gorbachev tear down that wall”. 2 years later he allowed the people to dismantle the wall. This is considered a symbol of the fall of the Soviet Union and the end of communism.

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Ronald Reagan was elected in 1980. He had disenchantment with government and politics in his past. Not only was he in depth and acknowledged with the operation of politics, but was as well in depth with the intricacies of entertainment. His presidential election contained a transformation that was at the least of most American’s expectations, with his past of show business. His beginning to presidency was the point of a convergence, which that involved his acting career, and then becoming a dominant figure in politics, and in the nation.

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Together with Nancy, he had two additional children. Before his presidency, he was the 33rd Governor of California and was a Hollywood actor. Reagan was a very popular president. He served for two terms as the President of the United States. Reagan served as the 40th U.S president.

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During his service the economy improved and ended the cold war. This is a such great thing that he did, in ending the cold war. I think that he did improve the economy by everything he was changing and fixing. Reagan’s main importance was for us to win the cold war because he thought all people deserved to be free. I think that he worked really hard to win the cold war, because he cared about everyone.

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Roland Reagan came into the office during his first term hoping to use his administration to fight communism and end the Cold War. He finds out it was not easy as he thought. So, in his second term he turned to a different strategy getting to know someone like Gorbachev. The conservatives thought he was making a mistake. Roland Reagan’s success finally proved to the conservatives that his friendship with Gorbachev was not a dupe.

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Then after his first term in the white house, he was reelected on November 6, 1984 at the age of 73. People say that Reagan had this charm that made it easy for him to connect with citizens on the as well at people that he worked with to keep earth running. They say "Reagan 's legacy

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“The Great Communicator,” who, when listing the top presidents in American history, would be towards the top every time. As evident throughout his life, Ronald Reagan is indeed one of the most influential citizens of American history. For starters, Ronald Reagan was not only the most inspirational American in U.S. history, but he also lived the real American dream. He was the Average Joe born in the suburbs with a middle class family. It was then in his hometown of Dixon, Illinois that he learned, “the love and common sense of purpose that unites families and communities

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