preview

What Is Ronald Reagan's Foreign Policy

Decent Essays
Ronald Reagan was born in Tampico, Illinois, on February 6, 1911.
Initially Reagan chose to go into the acting career and had starred in over 50 movies. While in Hollywood he was the president of the screen actor’s guild. There he met his future wife Nancy Davis Reagan. Later he became the governor of California. He was a liberal Democrat, but when Reagan ran for president he ran as a Republican and won two presidential terms beginning in 1980, becoming a conservative icon over the next few decades. In Reagan’s later years he developed Alzheimer’s disease and passed away on June, 5, 2004.

John Edward “Jack” Reagan and Nelle Wilson Reagan ( Ronald’s parents) in his early life Ronald had a nickname ‘Dutch’ his father said he resembled a “ a
…show more content…
He wanted to cut taxes off businesses so the upper tax brackets would allow more investment, growth and an increase in jobs and a larger tax…show more content…
Reagan’s 1981 Program for economic recovery had four policy objectives, reduce government spending, reduce the marginal tax on income from labor and capital, and to reduce regulation and finally to reduce inflation by controlling the money supply

Reagan wanted to stimulate the economy with large across the board tax cuts. The expansionary policies became known as “Reaganomics”, and some even considered them the most serious attempt to change the course of the U.S. economic policy of all the administration since the new deal.

One of the most well known scandals and government damaging scandals surfaced in November 1986 when Ronald Reagan admitted that the United States sold weapons to the Islamic Republic of Iran in efforts to get them to release 6 U.S. citizens being held hostage in Lebanon. It was also disclosed that some of the money from the arms deal with Iran had been secretly and illegally went to the aid of the right-wing Contras counter-revolutionary groups wanting to overthrow the socialist Sandinista government of Nicaragua it became known The Iran-Contra
Get Access