Context of the 1970s: Americans felt they had entered an age where expectations needed to be managed due to limited economic growth and challenges such as crises and inflation.
Shift to Conservative Ideology: A response emerged that combined conservative skepticism of liberalism from the 1960s with a focus on economic growth and a strong sense of American virtue.
Rise of the New Right
Background of New Right: Post-1964 election, the conservative movement faced a setback with Barry Goldwater's defeat. However, conservatives rebuilt their organization through the 1970s.
Emerging Support Structures:
Right-wing think tanks and lobbyists were established.
Support from evangelical television audiences and conservative radio listeners grew.
Role of Ronald Reagan:
Reagan, initially a Hollywood actor, became a prominent conservative figure, especially following his 1964 campaign speech for Goldwater.
He nearly secured the Republican nomination in 1976, further establishing his role in the party.
The 1980 Presidential Election
Carter vs. Reagan: By 1980, Reagan was seen as a strong critic of the federal government's excesses. His campaign emphasized restoring American strength.
Resounding Victory: Reagan won decisively against President Carter, marking a notable shift in political power with Republicans gaining the Senate.
Reagan's Leadership and Policies
Key Events Surrounding Reagan's Presidency:
American hostages in Tehran were released on his inauguration day.
Coalition of Support:
Included wealthy capitalists favoring capitalism and neoconservatives pushing for a tougher Cold War stance.
Successfully managed a coalition of diverse conservative factions (anti-government conservatives, Christian evangelicals, etc.).
Public Image and Scandals:
Known as the “Teflon president” for his ability to evade blame despite controversies such as the Iran-Contra affair and the savings and loan crisis.
Economic Policies
Supply-Side Economics:
Advocated the idea that economic issues stemmed from high taxation on the wealthy, hindering private investment.
Enacted significant income tax cuts and deregulation, reversing decades of Keynesian style governance.
Outcomes:
The economy experienced a recovery; however, federal budgets reflected an increase in deficits due to increased military spending and entitlement program costs.
Significant Legislative and Judicial Actions
Immigration Reform and Control Act (1986):
Allowed nearly three million undocumented workers to gain legal status, emphasizing America's immigrant promise.
Supreme Court Nominations:
Nominated Robert Bork who was a controversial figure due to his views on civil rights.
Bork was ultimately rejected, raising the stakes for future confirmations.
Global Influence
Foreign Policy Stance:
Regarded the Soviet Union as the “evil empire” and initiated the Strategic Defense Initiative (SDI) to protect from nuclear threats.
Implemented the Reagan Doctrine to foster anti-communist movements globally.
Military Involvement:
Sent financial and military aid to opposition groups in various countries, though avoiding full-scale military conflicts.
1984 Presidential Campaign
Morning in America: The theme of Reagan's re-election campaign showcased a perceived revival in American morale and economic prosperity.
Election Results: Won by a significant margin against Walter Mondale with nearly 60% of the popular vote.
Decline of Communism
Gorbachev's Reforms:
Under Mikhail Gorbachev, the Soviet Union began to embrace reforms that led to economic shifts away from communism.
His policies of 'glasnost' (openness) and 'perestroika' (restructuring) were pivotal.
End of the Cold War: The late years of Reagan's presidency coincided with the Soviet Union’s fragmentation leading to the collapse of communism by 1991, showcasing the endurance of capitalism and American values over communism.