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President Ronald Reagan

Definition

The 40th president of the United States (1981-1989), known for his conservative economic policies, referred to as 'Reaganomics,' which aimed at stimulating the American economy through tax cuts, reduced social spending, increased military spending, and deregulation.

Analogy

Imagine President Ronald Reagan as a strict but well-meaning coach who believes in tough love. He thinks the best way for his team (the country) to win is by cutting back on certain resources (tax cuts), pushing harder in some areas (military spending), while easing up on rules (deregulation).

Related terms

Reaganomics: Economic policies promoted by U.S. President Ronald Reagan during the 1980s, characterized primarily by tax cuts and deregulation.

Cold War: A period of geopolitical tension between powers in the Eastern Bloc (the Soviet Union) and powers in the Western Bloc (the United States) after World War II.

Iran-Contra Affair: A political scandal in the United States that occurred during the second term of the Reagan Administration where senior officials secretly facilitated the sale of arms to Iran, which was then under an arms embargo.