Presidency of Ronald Reagan
The United States presidency of Ronald Reagan, also known as the Reagan administration, was a Republican administration headed by Ronald Reagan from January 20, 1981, to January 20, 1989.Reagan's presidency was termed the ""Reagan Revolution"", in recognition of the political realignment in the U.S. in favor of conservative domestic and foreign policies. The Reagan administration took a directly anti-communist stance towards the Soviet Union, actively seeking a collapse of the USSR as well as an end to the Cold War.Domestically, the administration claimed to favor reducing government programs. It introduced several tax cuts for Americans, even though it later raised taxes somewhat. The economic policies enacted in 1981, known as ""Reaganomics"", were an example of supply-side economics. Economic growth was strong for most of the 1980s; however, there was a recession in the beginning of his term and the national debt increased significantly.Regarding foreign policy, Reagan accelerated the massive buildup of the military, and undertook the invasion of Grenada, the first major overseas action by U.S. troops since the end of the Vietnam War. The ""Reagan Doctrine"" controversially granted aid to paramilitary forces seeking to overthrow communist or leftist governments, particularly in war-torn Central America and Afghanistan. Reagan also promoted new technologies such as missile defense systems in order to confront the Soviets and their allies. In diplomacy, Reagan forged a strong alliance with UK Prime Minister Margaret Thatcher, and worked successfully with Soviet leader Mikhail Gorbachev four times to end the Cold War.The damaging Iran-Contra affair engulfed several Reagan aides during his second term. His administration was criticized for lending support to right-wing military movements that committed human rights violations.Reagan was the first President since Dwight D. Eisenhower (1953–61) to have served two full terms as President.