USA HISTORY

Detailed explanation-1: -The pillars of Reagan’s economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation.

Detailed explanation-2: -Reagan’s policies stressed conservative economic values, starting with his implementation of supply-side economic policies, dubbed as “Reaganomics” by both supporters and detractors. His policies also included the largest tax cut in American history as well as increased defense spending as part of his Soviet strategy.

Detailed explanation-3: -The main goal of the US foreign policy during the presidency of Ronald Reagan (1981–1989) was winning the Cold War and the rollback of communism-which was achieved in the Revolutions of 1989 in Eastern Europe during 1989; in the German reunification in 1990; and in the dissolution of the Soviet Union in 1991.