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Word Count: 524
In the 1970s the United States faced many new conflicts because of the Watergate scandal stagflation the Iranian hostage crisis and defeat in Southeast Asia in 1975 People were suffering from the worst inflation crisis in American history and started to believe that they were stuck in a world of struggles and shortages In 1980 Ronald Reagan a Republican ran for president and said he would revive the United States in a manner that Jimmy Carter could not match When Reagan became President of the United States people began to regain their hope of a better nation Reagan stayed strong as he statedWe must act today in order to preserve tomorrowDocument 1 285 With this statement in mind he planned to restore America to where it should be and envisioned a dream for the people to look forward to As he started his term in office he promised Americans that taxes would be decreased This in turn would increase and encourage employment bring more profits to companies save more money and reduce inflation Another Reagan plan was to start spending cash that we had instead of borrowing money Doing so would slowly bring the nation out of debt by moderating government spending rather than burying itself in more debt Results were obviously good as President Reagan continued his term Inflation dropped from 14 down to 4 and the prime rates decreased from 20 to 13 107 million people in the work force set a new record for our country More people working means more money for the government In 1980 there were only 30 million individuals who invested in shares to help companies expand In 1984 another 12 million people entered the stock market and now 42 million people were interested in the restoration of our country All of these actions that Reagan believed in seemed to be working and people began to regain hope for a fast-growing more stable and more efficient government
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