Reagan, Ronald (1911–2004)

RONALD REAGAN SERVED as the 40th President of the United States from 1981 to 1989. The former film actor turned to politics after serving in various positions such as the president of the Screen Actors Guild (SAG) and as the spokesmen for General Electric. Then in 1967, he was elected governor of California, which would eventually open the doors that led him to the White House.

His politics were conservative, focusing heavily on tax cuts, pro-military government, and anti-communism. “Reaganomics,” as his economic policy was usually referred to, was supposedly similar to the traditional principles that helped form the foundation of the American way of life. Unfortunately, Reagan's economic policy suffered from numerous contradictions, the chief among these being that increased defense spending together with cuts ...