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Ronald Reagan promised a restoration of the nation's military strength, at a time when 60% of Americans polled, felt defense spending was too low. He also promised an end to  "trust me government", and to restore economic health by implementing a supply-side economic policy. On November 4th, 1980 Ronald Reagan was elected as the 40th President of the United States of America. He won 91% of the Electoral College and 51% of the popular vote. Ronald Reagan’s inauguration in the 1980’s was a momentous event in American history. He took the oath of office on January 20th, 1981, following the resignation of Richard Nixon following the Watergate Scandal. The Vietnam War had damaged the American's trust in politicians and the war had ended in defeat. As a result, both Nixon and his successor, Gerald Ford, did not attend the inauguration. The event included many changes to the traditional ceremony, such as the choice of the location of the inaugural speech. The speech was given on the West Portico of the White House, a more scenic venue than the East Front, and included views of the Washington Monument, Lincoln Memorial, and Arlington National Cemetery.

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Almost Nuclear warfare with the Soviet Union 

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Almost Nuclear warfare with the Soviet Union 

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On October 22nd, 1981 President Reagan made a statement that sought to clarify American nuclear policy by asserting that any suggestion that the United States was considering fighting a nuclear war with the Soviet Union at European expense was an outright deception. The essence of the United States nuclear strategy is that no aggressor should believe that the use of nuclear weapons in Europe could reasonably be limited to Europe Reagan went to Mexico, he accused the Soviet Union of trying to drive a wedge between the United States and some of their closest friends in Europe. He wouldn't permit these gross distortions to go unchallenged. He said that American policy toward avoiding conflict in Europe has not changed for over 20 years. He added. He said that all American Presidents had acknowledged that any use of nuclear weapons would have the most profound consequences. In a nuclear war, all mankind would lose, the awful and incalculable risks associated with any use of nuclear weapons themselves serve to discourage their use.

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The technological arms race has continued, now it is moving faster than ever. The United States leads the way, followed by the Soviet Union, between them, they possess around 50 000 nuclear warheads (more than enough to destroy the world). They plan to increase the number, to make the weapons more accurate, and to base them on new weapon platforms closer to the borders of the other side. Some people prefer not to think about these things, many are becoming increasingly concerned, wondering about the future for themselves and for their children. In President Reagan’s first administration, military expenditure grew at an annual nominal rate of 14%. By the end of his second administration, real growth was negative, in the Soviet Union expenditures declined for a long term trend.

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The Goldwater-Nichols Act was signed on October 4th, 1986 by President Reagan. He made the most sweeping changes to the United States Department of Defense, since the department was established in the National Security Act of 1947. By reworking the command structure of the US military, it increased the powers of the Chairman of the Joint Chiefs of staff and implemented some of the suggestions from the Packard Commission, commissioned by the President himself in 1985. Among other changes, Goldwater–Nichols streamlined the military chain of command, which now runs from the president through the secretary of defense directly to combatant commanders (CCDRs, all four-star generals or admirals), bypassing the service chiefs. The service chiefs were assigned to an advisory role to the president and the secretary of defense, and given the responsibility for training and equipping personnel for the Unified Combatant Commands. Named after combatant commander Senator Barry Goldwater and Representative William Flynt "Bill" Nichols, the bill passed the House of Representatives, and the Senate. Admiral William J. Crowe was the first chairman to serve under this new legislation.

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On October 19th, 1987 the US stock market crashed. It took place on the heels of a period of strong gains, many investors had to sell out to meet margin calls and redemptions. As a result, all players were put at risk, this is when hedge funds became popular. There are several possible reasons for the crash, including hostilities in the Persian Gulf, the introduction of computerized trading, and the end of a five-year bull market. But deeper economic factors also played a role, the crash caused stocks to lose between 15% and 20% of their value, causing depositors to rush to withdraw their money. This in turn, made business loans difficult for companies, as the economy struggled to recover from the collapse, the government imposed a number of policies to restore confidence. One of them was to restrict the number of stock purchases. This led to a recession and the loss of millions of jobs. Despite these losses, the stock market’s recovery was relatively quick and the US government stepped in to restore confidence. This crash was the result of computer-driven trading models, which contributed to the steep decline in stock prices. The selling pressure was too high and the trading volume was too large for the computer systems to handle. Because of this, order imbalances prevented investors from discovering the true price of stocks

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Ronald Reagan retired, and announced his farewell to the nation on January 20th, 1989. He wished that he could of stayed president longer but he couldn't. He had to retire from president because he served the max amount of terms a president was allowed which was 2. His presidency was successful because he made a lot of people happy and changed a lot of people's lives in a good way.

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“Ronald Reagan Event Timeline.” Ronald Reagan Event Timeline | The American Presidency Project, November 18, 2020. https://www.presidency.ucsb.edu/documents/ronald-reagan-event-timeline.

“5 Key Cold War Events.” Norwich University Online, July 3, 2017. https://online.norwich.edu/academic-programs/resources/5-key-cold-war-events.

“Ronald Reagan - Key Events.” Miller Center, July 8, 2020. https://millercenter.org/president/ronald-reagan/key-events.

“Reagan's Nuclear War Briefing Declassified.” National Security Archive, November 18, 2016. https://nsarchive.gwu.edu/briefing-book/nuclear-vault/2016-12-22/reagans-nuclear-war-briefing-declassified.

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Ronald Reagan, Ronald Reagan Event Timeline Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/346008

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How do significant events in history change our society? Why is it important to learn history?

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How do significant events in history change our society? Why is it important to learn history?

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Lots of the things that Ronald Reagan did to save the society of the United states was signing a Nuclear war act with the Soviet union. which stated that both of them would not use Nuclear bombs in any way against the other country. it is important to learn about historic events that we were or were not alive for because they are important. The events that happened are the backbone to out society. We need to know the history of the world, because it helps us gain knowledge of what really happened in the world, and makes us gain a better understanding.