Ronald Reagan's presidency from 1980-1988 pursued conservative policies like tax cuts, deregulation, and increased military spending. This approach, known as Reaganomics, initially boosted the economy but increased budget deficits. Reagan also took a hard line against communism and spearheaded efforts that contributed to the end of the Cold War. George H.W. Bush continued many of Reagan's policies as president from 1988-1992, overseeing the dissolution of the Soviet Union and leading a multinational coalition in the 1991 Gulf War to expel Iraqi forces from Kuwait.