Cold War: The Cold War was a period of political tension between the United States and Soviet Union from 1947 to 1991. It involved competition for global influence, nuclear arms race, and ideological differences.
Supply-side economics: Supply-side economics is an economic theory supported by President Reagan which emphasizes reducing taxes and regulations on businesses in order to stimulate economic growth.
Deregulation: Deregulation refers to removing or reducing government regulations in specific industries or sectors. In line with his pro-business approach, President Reagan pursued deregulation in various areas such as finance, telecommunications, and transportation.