The Reagan Administration refers to the period when Ronald Reagan served as the 40th President of the United States from 1981 to 1989. His presidency is known for significant economic policies, often called "Reaganomics," which focused on tax cuts, deregulation, and reducing government spending to stimulate economic growth. During this time, the administration also emphasized a strong anti-communist foreign policy, particularly in relation to the Soviet Union, which was a major global rival. Key events included the escalation of the Cold War and the implementation of the Strategic Defense Initiative to protect against nuclear threats.