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Period: to
timespan
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Reaganomics
Reagans first priority was the economy, which was suffering from stagflation. -
Cutting programs
Reagan proposed cuts to social programs. to keep the deficit under control -
deregulation
Increased the amount of punlic land corporations could use for oil drilling,mining, and logging. -
Economy booms
In 1983 the econom finally booms. -
Shifting the judicial balance
He tried to bring a strict constructionist outlook to the federal judiciary. -
Reagan wins
The growing economy makes reagan very popular, he wins re-election. -
Peace through strength
The military buildup Reagan launched was the largest peacetime buildup in American history, costed about 1.5 trillion over 5 years. -
New soviet leader
Mikhail Gorbachev became the leader of the Soviet Union and agreed to resume arms control talks. -
Iran-Contra Scandal
Although Congress had prohibited aid to the Nicaraguan contras, Individuals in Reagan's administration continued to illegally support the rebels. -
Relations improve
By 1987 Reagan was convinced that Gorbachev did want to reform the soviet Union and end arms race.