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Reagan Saves the Day (Document 1) In the 1970 s the United States faced many new conflicts because of the Watergate scandal: stagflation, the Iranian hostage crisis, and defeat in Southeast Asia in 1975. People were suffering from the worst inflation crisis in American history and started to believe that they were stuck in a world of struggles and shortages. In 1980 Ronald Reagan, a Republican, ran for president and said he would revive the United States in a manner that Jimmy Carter could not match. When Reagan became President of the United States people began to regain their hope of a better nation.
Reagan stayed strong as he stated, We must act today in order to preserve tomorrow. (Document 1: 285) With this statement in mind he planned to restore America to where it should be and envisioned a dream for the people to look forward to. As he started his term in office he promised Americans that taxes would be decreased. This in turn would increase and encourage employment, bring more profits to companies, save more money, and reduce inflation. Another Reagan plan was to start spending cash that we had instead of borrowing money. Doing so would slowly bring the nation out of debt by moderating government spending rather than burying itself in more debt. Results were obviously good as President Reagan continued his term.
Inflation dropped from 14 % down to 4 % and the prime rates decreased from 20 % to 13 %. 107 million people in the work force set a new record for our country. More people working means more money for the government. In 1980 there were only 30 million individuals who invested in shares to help companies expand. In 1984 another 12 million people entered the stock market and now 42 million people were interested in the restoration of our country. All of these actions that Reagan believed in seemed to be working and people began to regain hope for a fast-growing, more stable, and more efficient government. When Reagan became president he knew what the country needed and he knew what the people wanted.
He stated in his first inaugural address, All must share in the productive work of this new beginning and all must share in the bounty of a revived economy. (Document 1: 285) Everyone must work and everyone that does will share the same benefits. This is considered free enterprise... the American Dream. People can now do what they want to make an honest living and not have to suffer from high taxes and other problems due to the old government.
Free enterprise allows markets and companies to become more competitive, does not limit people to what they can and cannot do, and again it encourages development while allowing companies to operate freely. This helped mainly middle-class people such as farmers, miners, factory workers, teachers, and anyone else who was concerned about a better life and an improved country, to support Reagan and their country. Finally, the men and women of America had something to strive for, something to look forward to, something to dream about, and it was all possible because they, obviously, made the right decision when they elected Ronald Reagan as President of the United States. To this day Americans are still enjoying that dream!
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Research essay sample on Reagan Saves The Day Document 1
