The Reagans were a poor, close, hard-working family.
For many summers he worked as a lifeguard at Lowell Park on the Rock River in Dixon, pulling seventy-seven people out of the water by his own count and socking away most of his salary to make up college tuition.
He played football and was a member of the college swim team, performed with the drama club, joined the debate club, worked as a reporter on the school newspaper, edited the college yearbook, and served as president of the student council.
The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation.
Reagan appeared on national television and stated that the weapons transfers had indeed occurred, but that the United States did not trade arms for hostages.
On March 4, 1987, Reagan returned to the airwaves in a nationally televised address, taking full responsibility, and saying that "what began as a strategic opening to Iran deteriorated, in its implementation, into trading arms for hostages
The period 1981–1991 witnessed a dramatic transformation in the relationship between the United States and the Soviet Union. During these years the specter of a nuclear war between the superpowers receded as the Cold War ended swiftly, nearly entirely peacefully, and on U.S. terms.