Introduction The United States of America is under the leadership of a president who is the holder of the highest and most powerful political office across the world. The first president of the US was sworn into office in the year 1789. Ronald Reagan was the 40 th president of the US and he served two terms as required by the constitution from the year 1981 to 1989. He was a Republican, had a BA in Economics and Sociology, and he was well known for his economic policies, which would be later known as ‘Reaganomics’. The economic policies included the cutting down income taxes from 70% to 28% for the top income tax rate, restoring incentives for economic growth, and reducing government spending. In a bid to achieve this goal, he hired the best available economists available in the country who came up with one of the most successful economic policies ever formulated in the world as the economy grew by one third in a period of seven years. There is a similarity in both the governments of President Barrack Obama and Reagan as they both underscore the interest to come up with solutions to tackle the problem of economic recession facing the country. However, their economic policies are different as Obama is interested more in raising the taxes of every major Federal Tax as compared to Reagan who was committed to reducing the tax. Historical turning points in the period of Reagan revolution through president Obama The turning point is a moment where changes occur in the way things are done and it may have some negative or positive effects in the society. During Reagan’s time, one notable historical turning point was the ending of the Cold War. As Reagan took office, there was a cold war between Afghanistan and the Soviet Union, which originated from the invasion of the Soviets to Afghans in the year 1979. Through his Cold War policies, which aimed at spreading democracy and freedom worldwide, the president managed to stop the invasion of the Soviets. The Cold War policies involved expending many resources on the United States’ military and technological improvement (Fitzgerald, 2000). This strategy weakened the economy of the Soviet Union as it tried to keep the pace to be recognized globally like the US, and in the process, the move stopped the advancement of the soviet communism. The United States also supported the anti-Soviet uprising around the world and this move aided in the collapse of the Soviet regime. However, although the Cold War policies led to the total containment of the Soviet regime, the US economy was affected as more funds were directed to funding the military. Despite the demerits of the war, this process was advantageous to the nation, as it helped in maintaining and improving its super position for it had the best-equipped and modern military in the world. In addition, the containment of Soviet communism benefits even the contemporary society as people become more independent rather than depending on the state for every aspect of their well-being (Kengor, 2006). As the Cold War ended, the relationship between the US and the Soviet Union improved and this aspect led to the signing of new arms control treaties in 1987, which helped in regulating nuclear weapons. This treaty is of great importance as it curtails the possibility of a nuclear war, which can have catastrophic effects on people. Another notable historical turning point in this period is the decision by the