Who was Ronald Reagan?

Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician who served as the 40th president of the United States from 1981 to 1989. A member of the Republican Party from 1962 onward, he also served as the 33rd governor of California from 1967 to 1975 after having a career as a Hollywood actor and union leader.

Early in his presidency, Reagan began implementing new political and economic initiatives. His supply-side economics policies—dubbed "Reaganomics"—advocated tax reduction, economic deregulation, and reduction in government spending. In his first term, he survived an assassination attempt, spurred the War on Drugs, invaded Grenada, and fought public-sector labor unions. Over his two terms, the economy saw a reduction of inflation from 12.5% to 4.4% and an average real GDP annual growth of 3.6%. Reagan enacted cuts in domestic discretionary spending, cut taxes, and increased military spending, which contributed to a near tripling of the federal debt.