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"Did Ronald Reagan's presidential administration turn our country in the proper direction?"
Did Ronald Reagan's presidential administration turn our country in the proper direction?
Author:
Rainey Day
Reagan haters and supporters alike agree on one thing, he was a popular guy. Alonzo L. Hamby remembers him as an "outstanding national cheerleader... Reagan successfully lifted the morale of the nation that in 1980 was wallowing in pessimism and uncertainty" (Hamby). The Vietnam War and the Nixon administration had left a negative impact on the country that Jimmy Carter did not improve. Along with inflation, long gas lines, and the American hostages in Iran, Reagan came into his presidency during a shadowy time. Not only did his dynamic personality help to lift the morale of the people, his economic policies led to economic growth, and his foreign policies led to the end of the Cold War. He not only worked to put the economy on the right path, he made the country feel safer and more patriotic at the same time.

The first executive order of Reagan abolished price controls on oil and gasoline. He also eliminated environmental and regulatory obstacles to domestic production to reduce our independence on foreign suppliers (Low Oil Prices). This ended the long gas lines and buoyed businesses, but he did not stop there. He persuaded Saudi Arabia to increase oil production from 2 million to 9 million barrels per day. These moves paid handsome dividends. The sharp drop in crude oil prices lowered gasoline prices below $1.00 per gallon (Low Oil Prices). The increase in domestic oil production and from Saudi Arabia effectively smashed the OPEC cartel's ability to fix worldwide oil prices. Finally, the sharp plunge in oil prices crippled the bellicose Soviet Union, which derived most of its income from oil production (Regan Homepage).

Reagan based his economic program on supply side economics (Encyclopedia Britannica). This theory is a very complex idea that President Reagan developed himself, causing people to call it "Reaganomics"...

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essay on Did Ronald Reagan's presidential administration turn our country in the proper direction?
Pages:
8 (2192 words)
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Added:
10/28/2011
Category:
History
Plagiarism level of this essay is: 88%
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Cisneros
Good morning! Can you help me to write my essay on Did Ronald Reagan's presidential administration turn our country in the proper direction?
04/14/2007
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