| Biography | Ronald Reagan was an American politician who served as the 40th president of the United States from 1981 to 1989 and became a highly influential voice of modern conservatism. Prior to his presidency, he was a Hollywood actor and union leader before serving as the 33rd governor of California from 1967 to 1975.
After moving to California in 1937, Reagan found work as an actor and starred in a few major productions. He was twice elected president of the Screen Actors Guildthe labor union for actorswhere he worked to root out Communist influence. In the 1950s, he moved into television and was a motivational speaker at General Electric factories, during which time he became a conservative. Reagan was a Democrat until 1962 when he switched to the Republican Party. In 1964, Reagan's speech "A Time for Choosing" supported Barry Goldwater's foundering presidential campaign and earned him national attention as a new conservative spokesman. Building a network of supporters, Reagan was elected governor of California in 1966. As governor, Reagan raised taxes, turned a state budget deficit to a surplus, challenged the protesters at the University of California, ordered in National Guard troops during a period of protest movements in 1969, and was re-elected in 1970. He twice ran unsuccessfully for the Republican presidential nomination, in 1968 and 1976.
In 1980, Reagan won the Republican presidential nomination and defeated the incumbent president, Jimmy Carter. At 69 years, 349 days of age at the time of his first inauguration, Reagan was the oldest person to assume the U.S. presidency, a distinction he held until 2017, when Donald Trump was inaugurated at age 70 years, 220 days. Reagan faced former vice president Walter Mondale when he ran for re-election in 1984 and defeated him, winning the most electoral votes of any U.S. president, 525, or 97.6% of the 538 votes in the Electoral College. It was the second-most lopsided presidential election in modern U.S. history after Franklin D. Roosevelt's 1936 victory over Alfred M. Landon, in which he won 98.5% or 523 of the (then-total) 531 electoral votes.
Soon after taking office as president, Reagan began implementing sweeping new political and economic initiatives. His supply-side economic policies, dubbed "Reaganomics", advocated tax rate reduction to spur economic growth, economic deregulation, and reduction in government spending. In his first term, he survived an assassination attempt, spurred the War on Drugs, and fought public sector labor unions. Over his two terms, the economy saw a reduction of inflation from 12.5% to 4.4% and an average real GDP annual growth of 3.4%. Reagan enacted cuts in domestic discretionary spending, cut taxes, and increased military spending, which contributed to increased federal debt overall. Foreign affairs dominated his second term, including ending the Cold War, the bombing of Libya, the IranIraq War, and the IranContra affair. In June 1987, four years after he publicly described the Soviet Union as an "evil empire", Reagan challenged Soviet General Secretary Mikhail Gorbachev to "tear down this wall!", during a speech at the Brandenburg Gate. He transitioned Cold War policy from détente to rollback by escalating an arms race with the USSR while engaging in talks with Gorbachev. The talks culminated in the INF Treaty, which shrank both countries' nuclear arsenals. Reagan began his presidency during the decline of the Soviet Union, which ultimately collapsed nearly three years after he left office. |