Ronald Reagan's Presidency - Research Paper Example

He changed his political views from liberal to being a conservative spokesperson as a television host, touring the entire country (Reagan, Kiron, Annelise, and Martin 18). He was elected the Californian Governor by a one million-vote margin. He was later re-elected in 1970. In 1980, Ronald Reagan won the Presidential nomination for Republican and opted for previous Texas congressional representative and the current ambassador for United Nations George Bush, as his running mate. Troubled by the running inflation and the incarceration of Americans in Iran for a year, the Americans voted in the Republican in to the presidency by a whopping 489 votes to President Jimmy Carter’s 49.

On 20 January 1981, Reagan was sworn into office. After just 69 days, he was caught by an assassin’s bullet; nevertheless, he recovered fast and returned to perform his duties. His popularity soared during the period of the tragic incidence due to his wit and grace. During his tenure as the 40th president of the United States, Reagan accomplished many achievements that will be remembered forever in the American History books and the world at large. In 1988 during Reagan’s last year in office, the rate of inflation dropped to 4.

4% as compared to 12.5% during Jimmy Carter’s last year in power in 1980. In addition, the rate of unemployment drastically dropped during Reagan’s administration from 7.5% to 5.4%, with the rate reaching highs of 10.8% and 10.4% in 1982 and 1983 respectively (Schaller 36). Reagan oversaw the implementation of policies based on the economics of supply- side and called for a free-market and liberal-classical philosophy. These policies aimed to reduce the large tax cuts across the various sectors of the economy.

During his regime, Reagan was also for the idea of taking back the U.S. to the era of the gold standard. Reagan’s