Ronald Reagan's Presidency Research Paper Example | Topics and Well Written Essays - 1500 words

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  inc idence  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