Ronald Reagan's presidency was a time of economic prosperity, conservatism, and renewed patriotism. His policies, known as Reaganomics, focused on reducing taxes, deregulation, and increasing defense spending. These policies led to a period of economic growth and a decrease in inflation. However, Reagan's presidency was also marked by several controversies, including the Iran-Contra Affair, in which Reagan administration officials sold arms to Iran in exchange for the release of American hostages in Lebanon. Reagan's presidency also saw the rise of the AIDS epidemic and the beginning of the War on Drugs, both of which had lasting impacts on American society.
