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American History Lecture Thirteen (view source)

Revision as of 04:10, December 29, 2008

477 bytes added ,  04:10, December 29, 2008
→‎President Ronald Reagan: add data about economy in his 8 years
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In 1988, Reagan struck a deal for free trade (no tariffs) with Canada.  Reagan was also instrumental in enabling his Vice President, George H.W. Bush, to be elected president in 1988 in a close race.  
 
In 1988, Reagan struck a deal for free trade (no tariffs) with Canada.  Reagan was also instrumental in enabling his Vice President, George H.W. Bush, to be elected president in 1988 in a close race.  
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When Reagan became president in 1981 the unemployment rate was 7.5%<ref>http://research.stlouisfed.org/fred2/data/UNRATE.txt</ref> and the inflation rate was nearly 12%.<ref>http://inflationdata.com/inflation/Inflation_Rate/HistoricalInflation.aspx?dsInflation_currentPage=2</ref>  Reagan reduced taxes and promoted business growth, and by the time his second term expired eight years later the unemployment rate had fallen to 5.4% and the inflation rate had dropped to 4.5%.
    
Reagan could have done better in certain areas.  His appointments to the U.S. Supreme Court were Sandra Day O'Connor (the first woman to serve on the Supreme Court), Antonin Scalia, and Anthony Kennedy, and only Scalia proved to be a consistently strong conservative.  To Reagan's credit, he probably appointed O'Connor on the recommendation of conservative Justice (and future Chief Justice) William Rehnquist, who had been her law school classmate and friend.  And Reagan's first pick for the seat filled by Kennedy was Robert Bork, a solid conservative, but he was not confirmed by the Senate.
 
Reagan could have done better in certain areas.  His appointments to the U.S. Supreme Court were Sandra Day O'Connor (the first woman to serve on the Supreme Court), Antonin Scalia, and Anthony Kennedy, and only Scalia proved to be a consistently strong conservative.  To Reagan's credit, he probably appointed O'Connor on the recommendation of conservative Justice (and future Chief Justice) William Rehnquist, who had been her law school classmate and friend.  And Reagan's first pick for the seat filled by Kennedy was Robert Bork, a solid conservative, but he was not confirmed by the Senate.
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