- Reagan won 49/50 states in the 1980 election against Carter - showed desparation for change. Campaign pledges included fixing the economy, lowering taxes and reducing 'Big Government' (focus on social welfare brought in by FDR's new deal).
- upon his inauguration - the Iranian hostages which had plagued Carter's tenure were released - instantly made 'Teflon Ron' a hero - even though he did nothing to warrant this.
- his conviction in his policy was shown through his firing of 13,000 air traffic controllers who went on strike due to low pay - wouldn't take anything from anyone.
- he focussed on the theory of 'supply-side'/business economics - help the rich business owners.
- his Program for Economic Recovery was passed approx one month into his first term - passed quickly due to Republican Congress.
- believed that deregulation of business would fix the issues of stagflation and inflation.
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