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Ronald Reagan defeats the incumbent Jimmy Carter in a landslide victory
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Ronald Reagan is inaugurated as the 40th president of the United States, shortly followed by the release of all 52 of the hostages held in Iran for the return of $8 billion to Iran
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There is an assassination attempt on President Reagen as he returns to his limousine. His lung was punctured, but he made a full and quick recovery
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Reagan defeats democratic nominee Walter F. Mondale in a landslide victory, winning 525 to 13 electoral votes, thus granting him a public mandate for his second term in office
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The Iran-Contra affair, where top Reagan officials were caught illegally selling arms to Iran, was first brought to light
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towards the end of the Iran-Contra hearings, Reagan admidts to having a detrimental policy in place that got out of hand, but not of knowledge of the diversion of funds
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Robert Bork is rejected from the Supreme Court in the Senate by the largest margin in history: 58 - 42.
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Republican George H. W. Bush, and former Vice President under Reagan, wins presidential election against Democratic challanger Micheal Dukakis, taking 426 electorial votes to Dukakis' 111