Reagan for the opening of NYSE 40 years ago today – here’s what experts say about his legacy

On March 28, 1985, President Ronald Reagan Make a history as the first and only sitting president who ringtones on the initial bells on the Yorkujor Stock Exchange (NYSE). Exactly 40 years later, Ronald Reagan’s presidential foundation and president and CEO of the David Trulio Institute, along with President and editor-in-chief of Forbes Media Steve Forbes, honored the 40th president’s legacy and for the Iconic initial bell.

When Reagan addressed NyseHe was at the beginning of his second term. He spoke about the economic growth that the United States suffered during his first term and declared the positive effects of tax cuts and deregulation.

“But in the last 5 years, we have moved from weakness in hope, confidence and opportunity,” Reagan said. “We knew that the weakness of what really was: the government, with its high taxes, excessive spending and excessive regulation, threw a key in the works of our free markets. In essence, the government was trying to lead the economy, but instead destroying it.”

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When Reagan entered the office, the US economy suffered, and the threat of escalating in the Cold War was attacked. However, its policies helped stimulate economic growth and de -escalate tensions in the Cold War, which ended two years after Reagan left office.

In a conversation with Trulio in front of the Level, Forbes referred to Reagan’s success In taking over the United States “from a drop in a vigorous nation”. The media mogul said that “the moral dimension” of Reagan’s policies made people realize that it was more than monetary growth – it is about “improving humanity”.

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Forbes and Trulio for the starting bells at 9:30 am, covered with pictures of Reagan, while the crowd broke out in Cheers.

Speaking to Fox News, the digital after the Bellvonno’s ring, Trulio stressed the importance of the United States to continue working to be the top economy in the world.

“It is not written in the stone that America is becoming the number one economy in the world, just because we have to work on it and to make sure – on a bipartisan basis – that we identify and discuss those policies and accept policies that lead growth, innovation and opportunity,” Trulio told Fox News.

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Both Trulio and Forbes have attracted parallels between Reagan and President Donald Trump. When he entered his second term, Trump was handed over an economy to fall and international chaos, similar to the challenges Reagan faced.

“Well, we have two great historical leaders. Both have a strong interest in Maintaining taxes at lowReducing regulations and making everything possible to reduce government load. So, I think there is a good alignment there. And those principles applied by President Reagan seem to be applied now by President Trump, “Trulio told Fox News Digital.

Like Reagan, Trump worked on reducing government waste, especially with the DOGE Efficiency Department (DOGE). While talking to Trulio, Forbes admitted that Dogg could look “untidy” from the outside, but said he was a “revolutionary”.

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While Trulio refrained from speculating on what Reagan would think of Dogo, he said the department’s actions talk about her harmonization with “the wider principles practiced very successfully in the Reagan administration.”

Forbes, on the other hand, told Fox News Digital that he thinks Reagan “would approve it absolutely for Doge” and that the 40th president would probably want Elon Musk to be around to “free him, just as President Trump did”.

“President Trump believes in the free company and that is why he has made the tax changes and the regulatory changes he made in the first term. And I’m glad they make revenge in the second term. It was to do badly,” Forbes told Fox News Digital.