On September 23, 1980, Ronald Reagan, the Republican presidential candidate, delivered a major campaign speech in Chicago, emphasizing conservative economic principles.
Speaking before the International Business Council, Reagan outlined his plan for “Reaganomics,” advocating for tax cuts, deregulation, and reduced government spending to stimulate economic growth.
He criticized President Jimmy Carter’s economic policies, blaming them for high inflation and unemployment.
This speech solidified Reagan’s platform as a champion of free-market conservatism, resonating with voters and contributing to his landslide victory in the November election. It marked a pivotal moment in the rise of modern conservative economic policy.
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