Ronald Reagan, the 40th President, brought a conservative agenda focused on reducing government size and taxes, known as “Reaganomics.” His administration emphasized military strength, leading to increased defense spending, and worked toward ending the Cold War through diplomacy and pressure on the Soviet Union. Reagan also promoted “trickle-down” economic policies and survived an assassination attempt early in his presidency. Although popular, his administration faced controversy with the Iran-Contra scandal, which revealed covert arms sales to fund anti-communist forces in Nicaragua.
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