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2024-02-17 02:32:02

Reaganomics

Economic policies of President Ronald Reagan
Economic policies of President Ronald Reagan
Reaganomics, or Reaganism, were economic policies of Ronald Reagan in the 1980s. Included supply-side economics, tax cuts, reduced regulation, and increased defense spending. Results are debated, with supporters citing GDP growth and critics pointing to income gap and national debt increase.
1976
Criticism of Reagan's Budget Proposal
In 1976, Gerald Ford criticized Ronald Reagan's proposal to devolve a significant portion of the Federal budget to the states.
1980-11
Time For Choosing
Time For Choosing was a pivotal speech delivered by Ronald Reagan in 1964 that launched his political career and laid the foundation for his conservative principles.
1981-01-20
Ronald Reagan's Inauguration as 40th President
Ronald Reagan took office as the 40th President of the United States on January 20, 1981, during a period of economic hardship marked by high taxes, unemployment, and low national morale.
1981-01-22
Establishment of Presidential Task Force on Regulatory Relief
On January 22, 1981, President Reagan established the Presidential Task Force on Regulatory Relief to address regulatory issues.
1981-01-28
Lifting of Domestic Petroleum Price Controls in 1981
Reagan lifted remaining domestic petroleum price and allocation controls, along with lowering the oil windfall profits tax, as part of his economic policies.
1981-01-29
First Press Conference
On January 29, 1981, President Reagan held his first press conference after taking office.
1981-02-05
Ronald Reagan's Address to the Nation on the Economy
Ronald Reagan addressed the nation on the economy, acknowledging the need for a different approach to tackle the looming economic crisis.
1981-02-18
Address to Congress on Economic Recovery Program
On February 18, 1981, President Reagan delivered a speech to Congress outlining his Economic Recovery Program.
1981-02-26
Initial Formation of the Cabinet Councils
On February 26, 1981, President Reagan began forming his Cabinet Councils.
1981-03-26
Signing of Executive Order 12301
On March 26, 1981, President Reagan signed Executive Order 12301 establishing the Presidential Council on Integrity & Efficiency.
1981-03-30
Assassination Attempt on the President by John Hinckley, Jr.
On March 30, 1981, President Reagan survived an assassination attempt by John Hinckley, Jr.
1981-04-11
Release from George Washington Hospital
On April 11, 1981, President Reagan was released from George Washington Hospital after recovering from the assassination attempt.
1981-04-24
Lifting of Soviet Grain Embargo
Reagan lifts the Soviet grain embargo to support American farmers while still denouncing the Soviet presence in Afghanistan.
1981-04-28
Address to Joint Session of Congress on Economic Recovery Program
Reagan delivers a speech to the Joint Session of Congress outlining his economic recovery program.
1981-05-17
Honorary Degree from Notre Dame University
On May 17, 1981, President Reagan received an honorary degree from Notre Dame University.
1981-05-21
Bipartisan Effort Proposal for Social Security Fix
Reagan proposes a bipartisan effort to address issues and fix the Social Security system.
1981-07-07
Nomination of Sandra Day O’Connor to Supreme Court
On July 7, 1981, President Reagan nominated Sandra Day O’Connor to the Supreme Court, making her the first female justice.
1981-07-19
Summit of Industrialized Nations
From July 19 to July 21, 1981, the G7 Summit was held in Ottawa, Canada, where leaders discussed economic issues.
1981-07-27
Economic Recovery Tax Act of 1981
The Economic Recovery Tax Act of 1981, also known as Reaganomics, was signed into law by President Ronald Reagan on July 27, 1981. It was a significant tax cut aimed at stimulating economic growth and reducing inflation.
1981-07-29
Tax Cut Bill Approved by House of Representatives
On July 29, 1981, the Tax Cut Bill was approved by the House of Representatives as part of Reagan's economic policies.
1981-08-03
Air Traffic Controllers Strike Ultimatum Issued
On August 3, 1981, President Reagan issued an ultimatum to air traffic controllers who were on strike.
1981-08-05
Air Traffic Controllers' Illegal Strike
Air traffic controllers conducted an illegal strike, posing a major crisis for President Reagan's administration.
1981-08-13
President Reagan Signs Tax Cut Bill
On August 13, 1981, President Reagan signed the Tax Cut Bill, known as the Economic Recovery Tax Act (ERTA).
1981-09-24
Address to the Nation on Economic Recovery & Social Security
On September 24, 1981, President Reagan addressed the nation on economic recovery and social security issues.
1981-09-25
Sandra Day O'Connor Sworn-In as First Female Supreme Court Justice
On September 25, 1981, Sandra Day O'Connor was sworn in as the first female Supreme Court Justice.
1981-09-29
World Bank and IMF Address on Free Enterprise
On September 29, 1981, President Reagan addressed the World Bank and IMF on the importance of free enterprise over aid.
1981-10-02
Strategic Weapons Renewal Program Announcement
On October 2, 1981, President Reagan announced the Strategic Weapons Renewal program, which involved deploying 100 B-1 bombers and completing the MX missile program as soon as possible.
1981-10-05
Voluntarism Initiative Launched
On October 5, 1981, President Reagan launched the Voluntarism Initiative to promote volunteerism in society.
1981-10-06
Assassination of Egyptian President Anwar Sadat
On October 6, 1981, Egyptian President Anwar Sadat was assassinated during a military parade in Cairo.
1981-10-07
Fifty States Project for Women Launched
On October 7, 1981, the Fifty States Project for Women was launched to support women's initiatives across the US.
1981-10-15
World Affairs Council Speech on Third World & Free Enterprise
On October 15, 1981, President Reagan delivered a speech at the World Affairs Council focusing on the Third World and free enterprise.
1981-10-18
Celebration of the 200th Anniversary of the Battle of Yorktown
From October 18 to October 19, 1981, a celebration was held to mark the 200th anniversary of the Battle of Yorktown with French President Francois Mitterand.
1981-10-21
Cancun Summit on International Cooperation & Development
From October 21 to October 24, 1981, the Cancun Summit took place focusing on international cooperation and development.
1981-10-28
AWACS Sale to Saudi Arabia Approved by the Senate
On October 28, 1981, the Senate approved the sale of Airborne Warning & Control System (AWACS) to Saudi Arabia.
1981-11-10
David Stockman's Atlantic Monthly Article on Reaganomics Released
The publication of David Stockman's article on Reaganomics in the Atlantic Monthly, contributing to public discourse on economic policies.
1981-11-10
David Stockman's Atlantic Monthly Article on Reaganomics Released
On November 10, 1981, David Stockman's article on Reaganomics was published in the Atlantic Monthly, discussing economic policies.
1981-11-18
Arms Reduction Speech to the National Press Club
On November 18, 1981, President Reagan delivered a speech on arms reduction at the National Press Club.
1981-11-23
First Veto - 1982 Continuing Budget Resolution
On November 23, 1981, President Reagan issued his first veto on the 1982 Continuing Budget Resolution.
1981-12-01
White House Conference on Aging
On December 1, 1981, the White House hosted a conference focusing on aging-related issues.
1981-12-22
Meeting with Defected Polish Ambassador Romuald Spasowski
On December 22, 1981, President Reagan met with the defected Polish Ambassador Romuald Spasowski.
1981-12-23
Address to the Nation on the Situation in Poland
On December 23, 1981, President Reagan addressed the nation on the situation in Poland, likely referring to the political climate at the time.
1982-01-26
First State of the Union Address - Social Programs Transferred to States
On January 26, 1982, President Reagan delivered his first State of the Union address where he announced the transfer of social programs from the federal government to the states.
1982-02-09
Indianapolis Speech, One of Several Launching New Federalism
President Reagan gave a speech in Indianapolis on February 9, 1982, as part of his efforts to promote New Federalism, which aimed to decentralize power and give more authority to state governments.
1982-04-29
Address to the Nation on the Budget & the Balanced Budget Amendment
President Reagan addressed the nation on April 29, 1982, discussing the budget and advocating for the Balanced Budget Amendment.
1983-03-10
Speech to National Association of Evangelicals in Orlando
Delivered a speech to the National Association of Evangelicals in Orlando, Florida, warning against ignoring historical facts and the aggressive impulses of an evil empire.
1983-03-22
Meeting on 1984 Budget
President Reagan met with a group of Republican Members of Congress at the White House to discuss the 1984 budget of the United States.
1984-01-16
Address to the Nation on US/Soviet Relations
President Reagan delivered a speech to the nation regarding the relations between the United States and the Soviet Union.
1985-02-06
Veto of Emergency Farm Credit Bill
On February 6, 1985, the President vetoed the Emergency Farm Credit Bill, expressing concerns about the significant impact it would have on the national deficit.
1985-11-19
Reagan's First Public Reference to AIDS Epidemic
Reagan mentioned his support for AIDS research for over four years during a news conference, marking his first public acknowledgment of the AIDS epidemic.
1986-10-22
Authorization of aid for the Contras
The Signs Appropriations Act was passed, allowing aid to be provided to the Contras, a rebel guerilla group fighting against the Sandinista government in Nicaragua, with certain restrictions excluding military advice or training.
1987-01-27
State of the Union Address to Joint Session of Congress
On January 27, 1987, the President delivered the annual State of the Union Address to a joint session of Congress, outlining the administration's priorities and goals for the upcoming year.
1987-02-04
Water Quality Control Act Passes Over Reagan’s Veto
On February 4, 1987, the Water Quality Control Act passed despite President Reagan's veto. Reagan vetoed the bill on January 30, 1987, citing concerns about the Federal deficit.
1987-06-02
Reagan statement on attack on USS Stark
Reagan made a statement regarding the attack on USS Stark, showing his response and stance on the incident.
1987-06-15
Address to the Nation on the Venice Economic Summit
On June 15, 1987, a speech was delivered to the nation regarding the outcomes and discussions of the Venice Economic Summit.
1988-08
Reduction of Prime Interest Rate to 10%
In August 1988, the prime interest rate was reduced to 10% as part of the Reagan administration's monetary policy to combat inflation and boost economic growth.
1989-01-11
Ronald Reagan's Farewell Address
Ronald Reagan delivered his farewell address on January 11, 1989, highlighting the economic success during his presidency. He mentioned the longest peacetime expansion, increase in real family income, decrease in poverty rate, booming entrepreneurship, and advancements in research and technology.
1989-11-09
Fall of the Berlin Wall
The Berlin Wall, a symbol of the Cold War, fell on November 9, 1989, leading to the reunification of East and West Germany.
1990
The Growth Experiment: How the New Tax Policy is Transforming the U.S. Economy
A book by Lawrence B. Lindsey that explores the effects of the new tax policy on the U.S. economy.
1995
Academy for Civic Education and Democracy
An academy established to promote civic education and democratic principles among the youth.
1996
Up From Conservatism: Why the Right is Wrong for America
A book by Michael Lind that critiques conservative ideology and its impact on America.
2003
Glenn Hubbard disputes tax cuts increasing tax revenues
Glenn Hubbard, who preceded Mankiw as Bush's CEA chair, disputed the assertion that tax cuts increase tax revenues, stating that although the economy grows in response to tax reductions, lost tax revenue is unlikely to be completely recovered.
2009
Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity
A book by Brian Domitrovic that discusses the individuals who initiated the supply-side revolution and improved the American economy.
2010
Age of Reagan Conference
A conference dedicated to exploring and analyzing the impact of the Reagan era on American politics and society.
End of the Timeline
Reaganomics

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Reaganomics

Economic policies of President Ronald Reagan
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