Black and white photograph of a man with his arm raised on a white background with red and blue stripes above and below
COLLECTOR'S HOLIDAY ST. LOUIS, MO. 314-531-0044 CH P-SERIES NO 2
Former Hollywood actor, Ronald Reagan served his first term as President of the United States in 1980 when he defeated Democrat Jimmy Carter. Before he hit this pinnacle in his political career, Reagan was the former State Governor of California. During his time in office, he initiated the War on Drugs and introduced Reaganomics, a series of economic policies to regulate U.S. capital by lowering financial expenditures which was significantly influenced supply-side economics. This approach to the U.S. economy is what influenced his reelection in 1984.