The document discusses the presidencies of Ronald Reagan and George H. W. Bush from 1981 to 1993. It outlines some key accomplishments and controversies of Ronald Reagan's time as president, including working with Mikhail Gorbachev to help reform the Soviet Union, being re-elected in a landslide in 1984, and escalating defense spending. However, it also notes the Iran-Contra scandal and increase in the federal budget deficit under Reagan. The Challenger space shuttle disaster that occurred in 1986 is also mentioned.

1. The Last 35 Years
Outcomes: Jimmy Carter, Ronald Reagan, & George Bush
Sr.

2. Ronald Reagan

3. Ronald Reagan
6. Ronald Reagan Pros
a. Iran hostages were set free while he gave his inaugural address
b. Contemplated SDI or Star Wars; missile defense system – scared
S.U.; escalated the Cold War once more
c. Mikhail Gorbachev came to power in the Soviet Union; worked
with Reagan and helped bring democratic and social reforms to
S.U.
d. Was re-elected to second term in 1984 with defeat of Walter
Mondale
e. Budgeted $1.7B for the war on drugs
f. Cold War was nearly won by the time he left office

4. Reaganomics

5. Ronald Reagan
7. Ronald Reagan Cons
a. Reaganomics was controversial (Pro?)
i. Use the trickle down theory of economics
ii. Large tax cuts
iii. Inflation slowed while unemployment was reduced
iv. Largely increased defense spending
v. Federal budget deficits and the national debt increased
b. Iran-Contra scandal uncovered; secret U.S. arms sales to
Iran were used to fund Contras rebels in Nicaragua
c. Challenger Space Shuttle exploded in mid air January 28, 1986

6. Challenger Explosion
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