United States History, Reagan Revolution through President Obama Essay

United States History, Reagan Revolution through President Obama - Essay Example This took place in the last period of 19th century and continued in the first decade of 21st century. During the Reagan, administration the most significant turning point was the policy saw the economic boom during his period and revival of America military strength. In administration after Reagan, there have been changes in foreign policy. In foreign policy, the administration has focused on terrorism (Schachter, 2012). This paper seeks to discuss events that were influential during Reagan Revolution through President Obama and the impact they have had on America society. From the time of Reagan revolution through president Obama administration, there have been outstanding historical turning points that revolutionized and transformed America. In time of Reagan, administration there was massive economic revival through tax reforms and a powerful arm race never seen in America history. Moreover, there was a reduction in money to the welfare programs and other forms of aids. The other historic turning points were a change in foreign policy that focused on war especially the gulf war propagated by the Bush administration, and war on terrorism. Moreover, this period saw heightened fight against terrorism. This happened especially after 1993 attack and 9/11 attack. This will remain forever in America history. ... These reforms included cut in federal personal income tax, deregulation policy, and comprehensive tax reforms. As a result, there was control on both banks and oil industries. Moreover, he lifted the ceiling on interest rates, and federal price control on airfares. The deregulation resulted in increased bank rate competition. Natural oil price rose as well as the production and this led to reduced reliance on foreign fuel. Airfare was also reduced drastically, but fares for short distances rose. Consequently, at the time of exit from office the America economy was at the highest peak for a long period after World War II. The rate of unemployment also reduced significantly. The economy growth was also first, and less inflation was experienced since the mid 1960’s (Digital History, n.d). In addition, Reagan administration reduced funding to social programs. He considered these programs to be promoting laziness, promiscuity, moral decadency and other forms of social ills. In cont rast, this led to upsurge in various social ills in society. There was increased rate of drug use than witnessed in United States history. Moreover, during this period there was increased number of diseases especially the Aids pandemic that killed many people in the world. His administration was incompetent in handling AIDS epidemic. In terms of arm race, there was double military spending during Regan administration. This was to reduce the threat posed by communism during the Cold War period. As a result, the influence of Russia was curtailed, and this led to the fall of communism. This led to America becoming a world superpower as it is today. (â€Å"How great was Ronald Reagan?† n.d). Reagan left the America stronger, more prosperous, and more confident than he found it. The fight