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→‎Nixon, Reagan, and Bush: birth of globalist economic policy
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The Republican administrations of President [[Richard Nixon]] in the [[1970s]] were characterized more by their emphasis on ''[[realpolitik]]'', [[détente]], and socialist [[economic planning]] policies such as [[wage and price controls]], than by their adherence to conservative rhetoric and more liberal actions.  
 
The Republican administrations of President [[Richard Nixon]] in the [[1970s]] were characterized more by their emphasis on ''[[realpolitik]]'', [[détente]], and socialist [[economic planning]] policies such as [[wage and price controls]], than by their adherence to conservative rhetoric and more liberal actions.  
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In the eight years of [[Ronald Reagan]]'s presidency 1981-89 the American conservative movement achieved ascendancy. In 1980 the GOP took control of the Senate for the first time since 1954, and [[conservative principles]] dominated Reagan's economic and foreign policies, with [[supply side economics]] as well as a strict opposition to [[Soviet Union|Soviet]] [[Communism]]. Reagan promised to cut [[welfare]] spending but failed to do so.  He did cut taxes, but raised [[military spending]] and created large [[federal deficit]]s that turned out working to our advantage, because at that time, deficits didn't matter. It should be known that the Republicans also [[Balanced budget|balanced]] the [[budget]] in the late 1990s.
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In the eight years of [[Ronald Reagan]]'s presidency 1981-89 the American conservative movement achieved ascendancy. In 1980 the GOP took control of the Senate for the first time since 1954, and [[conservative principles]] dominated Reagan's economic and foreign policies, with [[supply side economics]] as well as a strict opposition to [[Soviet Union|Soviet]] [[Communism]]. The [[free trade]] movement was used as means to promote capitalism in the [[Third World]]. Reagan promised to cut [[welfare]] spending but failed to do so.  He did cut taxes, but raised [[military spending]] and created large [[federal deficit]]s that turned out working to our advantage, because at that time, deficits didn't matter. It should be known that the Republicans also [[Balanced budget|balanced]] the [[budget]] in the late 1990s.
    
An icon of the American conservative movement, Reagan is credited by his supporters with transforming American politics, galvanizing the Republican Party, uniting a coalition of economic conservatives who supported his supply-side economic policies, known as "[[Reaganomics]]," foreign policy conservatives who favored his success in stopping and rolling back Communism, and social conservatives who identified with Reagan's conservative religious and social ideals.
 
An icon of the American conservative movement, Reagan is credited by his supporters with transforming American politics, galvanizing the Republican Party, uniting a coalition of economic conservatives who supported his supply-side economic policies, known as "[[Reaganomics]]," foreign policy conservatives who favored his success in stopping and rolling back Communism, and social conservatives who identified with Reagan's conservative religious and social ideals.
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