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 changes, often called "Reaganomics," which focused on tax cuts, deregulation, and reducing government spending. These policies aimed to stimulate economic growth and reduce inflation, impacting many Americans' lives. During his time in office, Reagan also played a crucial role in the Cold War, promoting a strong military stance against the Soviet Union. His famous speech at the Berlin Wall in 1987, where he urged, "Tear down this wall!" symbolized his commitment to ending the division between East and West.