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This plan became known as Reaganomics
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Reagan authorized the Central Intelligence Agency to train an army of 10,000 Nicaraguan Contras,
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Reagan sends budget proposal to Congress. The budget calls for spending $695.3 billion with a projected deficit of $45 billion. It includes funding cuts for 200 programs.
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Congress passes Reagan's tax bill
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Reagan apoints Sandra O'Connor as the first women on the supreme court.
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Strategic Arms Reduction Talks
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Reagan unveils his proposal for a Strategic Defense Initiative
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Reagan is quick to respond with troops.
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The unemployment rate had fallen to about 5.5%