The document discusses the rise of conservatism in the US in the late 1970s and early 1980s. It led to Ronald Reagan being elected president in 1980. Key factors included opposition to large government programs and affirmative action, as well as social conservative groups focusing on issues like abortion. Reagan believed in lowering taxes, smaller government, and traditional values. He implemented economic policies known as "Reaganomics" that included budget cuts, tax cuts, and increased defense spending.