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Explore Reagan's Cold War stance, economic policies, foreign affairs, and controversial Iran-Contra Affair. Learn about "Star Wars," Farm Aid, and Reaganomics. Witness his landslide re-election victory and the Iran-Contra scandal. Discover the impact of his Foreign and Domestic Policy actions.
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Ronald Reagan Escalation of the Cold War
Domestic Policy • Reagan gets elected in 1980 when defeats Jimmy Carter • Attacks inflation> blames “big government” and government spending for inflation
New Federalism • Giving more control to the states for some welfare programs • Farm Aid: Paid farmers not to plant crops to cut the surplus • Supply-side economics..aka Reagonomics..aka Trickle Down Theory • Tax cuts for businesses and wealthy • Increase the federal deficit…fought military cuts
New Federalism • “Star Wars” • National Security based on a strong defense • Increased military spending • Strategic Defense Initiative (SDI) • Use of ground and space missiles to protect from an attack
Foreign Policy • Questioning Détente: called the USSR the ‘evil empire” • Poland> US economic sanctions • Brings back détente during his second term • Worried about domino theory in Latin America • Unstable economy right for Communist take-over • Uses military to intervene (El Salvador, Nicaragua, Grenada)
Terrorism • Terrorism becomes a major issue thorughout the world as a way to promote a political cause
Second Term • Defeated Walter Mondale and Geraldine Ferraro in a landslide victory (525-13) • VP is George Bush
Domestic Policy • Promised to create a balanced budget by the 1990’s. • Deep cuts in federal programs and tax cuts • Huge deficit mounted due to Reagan’s spending on the military
Foreign Policy • Iran-Contra Affair • Top Presidential aids sold arms to Iran in exchange for help in freeing American hostages in Lebannon • Money is then given to the Contras (rebels supported by US) in Nicaragua • Reagan denied knowledge at first(said would negotiate for hostages, then admitted something happened • Colonel Oliver North is charged with a crime
Foreign Policy • Re-opening of Détente • New Soviet leader = Mikhail Gorbachev • Slow ending of Communist USSR • Glasnost • Perestrokia • Several “summits” between Reagan and Gorbachev to reduce missiles
Other info • War on Drugs: “Just Say No” campaign • 1986> Congress imposes strict sanctions on South Africa until it ended apartheid • Nominates Sandra Day O’Connor to Supreme Court: 1st women on the Court • Assassination
Assassination • President Ronald Reagan Shot in Assassination Attempt