Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th President of the United States from 1981 to 1989. Prior to the presidency, he was a Hollywood actor and trade union leader before serving as the 33rd Governor of California from 1967 to 1975.

Ronald Reagan was 69 years old when he was sworn into office for his first term on January 20, 1981. In his inaugural address (which Reagan himself wrote), he addressed the country's economic malaise, arguing: "In this present crisis, government is not the solution to our problems; government is the problem."

Soon after taking office, 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 and fought public sector labor. Over his two terms, the economy saw a reduction of inflation.

Reagan enacted cuts in domestic discretionary spending, cut taxes, and increased military spending contributed to increased federal outlays overall, even after adjustment for inflation. Foreign affairs dominated his second term.

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