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Reagan proposes his plan to improve the economy
This plan became known as Reaganomics -
Reagan authorizes the training of Nicaraguan Contras
Reagan authorized the Central Intelligence Agency to train an army of 10,000 Nicaraguan Contras, -
Reagan sends budget proposal
Reagan sends budget proposal to Congress. The budget calls for spending $695.3 billion with a projected deficit of $45 billion. It includes funding cuts for 200 programs. -
Taxes decrease by 25%
Congress passes Reagan's tax bill -
First women on the supreme court
Reagan apoints Sandra O'Connor as the first women on the supreme court. -
Reagan initiates START with the Soviet Union
Strategic Arms Reduction Talks -
Economy starts to Recovers
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Star Wars
Reagan unveils his proposal for a Strategic Defense Initiative -
Marxists overthrow Gov. in Grenada
Reagan is quick to respond with troops. -
Unemployment rate falls
The unemployment rate had fallen to about 5.5%