Soon after taking office as president, Reagan began implementing sweeping new political and economic initiatives. His supply-side economic policies, dubbed 'Reaganomics', advocated tax rate reduction to spur economic growth, economic deregulation, and reduction in government spending. In his first term, he survived an assassination attempt, spurred the War on Drugs, invaded Grenada, and fought public sector labor unions. His tenure constituted a realignment toward conservative policies in the United States, and he is an icon among conservatives. Evaluations of his presidency among historians and the general public place him among the upper tier of American presidents. 'Throwback Thursday: Reagan Announces Run for President'. 'Throwback Thursday: Reagan Announces Run for President'. NPR.
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