Social Security reform becomes law. June 18, Volcker heads Federal Reserve. July 1, The final phase of the tax cut goes into effect. October 23, Suicide bombers attack Lebanon. Marines in the capital city of Lebanon, Beirut, are attacked by suicide bombers. Bombing of Lebanon Barracks On October 23, , suicide bombers crashed a truck bearing more than 2, pounds of explosives through protective barricades at U.
October 25, Reagan urges deficit reduction. April 30, August 22, The Republican Party re-nominates Reagan and Bush for presidential election.
September 21, Congressional compromise. Congress and Reagan work out a compromise on the MX missile. November 6, Reagan is reelected President, defeating Democratic candidate Walter Mondale. Reagan is inaugurated for a second term as President of the United States. February 6, May 1, Regan attends cemetery ceremony. July 13, South African sanctions. November 19, Reagan, Gorbachev hold summit. December 12, Reagan signs the Gramm-Rudman deficit reduction bill.
June 17, Chief Justice Warren Burger retires. October 11, Reagan and Gorbachev meet in Iceland. Reagan and Gorbachev meet in Reykjavik, Iceland. October 22, Reagan signs a revision of the tax code into law. November 4, November 13, November 25, Funds from illegal arms deal diverted. November 26, Commission appointed to investigate Iran-Contra.
February 3, In Middle East affairs, Reagan reported in his inaugural address that the 52 American hostages held in Iran for days were at that moment being released and would soon return to freedom. The President maintained a firm stance against terrorism, exemplified by the American retaliating against Libya for an air attack in and again in for the death of Americans in a Berlin discotheque.
Reagan's peacekeeping force in war-torn Lebanon experienced tragedy in when a truck bomb killed soldiers. Tragedy struck again in when a missile from an Iraqi warplane killed 37 sailors aboard the U. Stark, part of a U. The darkest hour of the Reagan administration would become known as the Iran-Contra affair. After lengthy, nationally televised hearings, a special congressional hearings review board reported that Reagan authorized the sale of arms to Iran in exchange for help in freeing U. Investigations revealed the money gained from the arms sale was illegally diverted to aid the Contras, opponents of the Nicaraguan Sandinista government.
The congressional report criticized Reagan for his detached, hands-off style of management. McFarlane was later pardoned by President George H. Bush and both Poindexter and North's convictions were set aside on appeal for technical reasons.
The eight years of the Reagan presidency was one of the most dynamic periods, in recent U. More importantly, his election changed the demographic composition of the Republican Party and built the core beliefs still practiced today: lower taxes, less government restrictions on businesses and individuals and a strong military.
Few presidents have enjoyed the affection of so many of the American people. Support for Ronald Reagan grew when he was seriously wounded by an assassin's bullet in and during major surgical procedures in and Reagan was known as the "Great Communicator," and often went on television to ask the viewers for their support for a particular piece of legislation.
Supreme Court. The most pressing foreign policy issue of Reagan's first term was the Cold War. Dubbing the Soviet Union "the evil empire," Reagan embarked on a massive buildup of U. In , he announced the Strategic Defense Initiative, a plan aiming to develop space-based weapons to protect America from attacks by Soviet nuclear missiles.
In the Middle East, Reagan sent U. Marines to Lebanon as part of an international peacekeeping force, in June Nearly one year later, in October , suicide bombers attacked the Marine barracks in Beirut, killing Americans. That same month, Reagan ordered U.
In addition to the problems in Lebanon and Grenada, the Reagan administration had to deal with an ongoing contentious relationship with Libyan leader Muammar al-Qaddafi. In November , Reagan was reelected in a landslide, defeating Democratic challenger Walter Mondale. Reagan carried 49 of the 50 U. Yet his second term was tarnished by the Iran-Contra affair , a convoluted "arms-for-hostages" deal with Iran to funnel money toward anti-communist insurgencies in Central America.
Though he initially denied knowing about it, Reagan later announced that it was a mistake partially at the behest of the first lady. During his second term, Reagan also forged a diplomatic relationship with the reform-minded Mikhail Gorbachev , chairman of the Soviet Union. In , the Americans and Soviets signed a historic agreement to eliminate intermediate-range nuclear missiles.
That same year, Reagan spoke at Germany's Berlin Wall, a symbol of communism, and famously challenged Gorbachev to tear it down. More than two years later, Gorbachev allowed the people of Berlin to dismantle the wall, ending Soviet domination of East Germany. After leaving the White House, Reagan returned to Germany in September —just weeks before the country was officially reunified—and, with a hammer, took several symbolic swings at a remaining chunk of the wall.
In , the Ronald W. In November , Reagan revealed in a handwritten letter to the American people that he had recently been diagnosed with Alzheimer's disease.
Nearly a decade later, on June 5, , he died at his Los Angeles home at age 93, making him the nation's longest-lived president at that time. Supreme Court. Also on the foreign affairs front, Reagan sent U. Marines to Lebanon as part of an international peacekeeping force after Israel invaded that nation in June In October , suicide bombers attacked the Marine barracks in Beirut, killing Americans.
That same month, Reagan ordered U. In addition to the problems in Lebanon and Grenada, the Reagan administration had to deal with an ongoing contentious relationship between the United States and Libyan leader Muammar al-Gaddafi During his second term, Reagan forged a diplomatic relationship with the reform-minded Mikhail Gorbachev , who became leader of the Soviet Union in In , the Americans and Soviets signed a historic agreement to eliminate intermediate-range nuclear missiles.
Twenty-nine months later, Gorbachev allowed the people of Berlin to dismantle the wall. After leaving the White House, Reagan returned to Germany in September —just weeks before Germany was officially reunified—and took several symbolic swings with a hammer at a remaining chunk of the wall.
In November , Ronald Reagan was reelected in a landslide, defeating Walter Mondale and his running mate Geraldine Ferraro , the first female vice-presidential candidate from a major U. Reagan was given a state funeral in Washington, D. Nancy Reagan died of heart failure in at age 94 and was buried alongside her husband. But if you see something that doesn't look right, click here to contact us!
Subscribe for fascinating stories connecting the past to the present. Nancy Reagan was an American first lady , the wife of Ronald Reagan, 40th president of the United States, and actress, noted for her efforts to discourage drug use by American youths. On the second day of the highly contested Republican National Convention, it was still far from clear which candidate the party delegates intended to choose: sitting president Gerald Ford or his challenger, former actor and California governor Ronald Reagan.
Amidst this
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