Chronology of Ronald Reagan, the President

1981 - Photograph of Ronald Reagan, 40th PresidentOn January 20, Reagan was sworn in as the 40th president of the United States. On the same day, Iran released the 52 remaining hostages who had been held at the U.S. Embassy in Tehran for 444 days, while Carter was president.

1982 In January 6, Reagan sent his budget to Congress with big cuts, except on defense, which is slightly under $200 billion. The budget projects a deficit of $91.5 billion.

1983 In January the official unemployment rate reached 11.5 million. Reagan's approval rating plummeted to 35%.

1984 On January 16, Reagan's speech on US - USSR relations called for a return to arms talks and to parallel sets of nuclear arms talks in Geneva and in Vienna to reduce conventional forces in Europe. The speech reflected a considerable shift in tone from his previous statements on the Soviet Union.

1985 On January 20, Reagan was sworn in for a second term. In a surprise announcement, he said he would meet with Soviet leader, Konstantin Chernenko.

1986 On January 28, the U.S. space shuttle "Challenger" exploded only 73 seconds after takeoff. In addition to the six astronauts onboard, teacher Christa McAuliffe, the first civilian to go into space, also perished.

1987 On January 5, Reagan submitted his first-ever $1 trillion budget for fiscal year 1988.

1988 On April 14, the Soviets agreed to end the Soviet Afghan War and to begin pulling troops out of Afghanistan, beginning May 15, 1988 and finishing by Feb 15, 1989.

1989 On January 11, in his farewell address, Reagan stated: "They called it the Reagan revolution. Well, I’ll accept that, but for me it always seemed more like the great rediscovery, a rediscovery of our values and our common sense."

1991 On November 4, the Reagan Library and Museum, located in Simi Valley, California., was dedicated.

1994 On November 5, Reagan addressed a letter to the American people in which he disclosed that he is suffering from Alzheimer's Disease. This was his last public appearance.

2004 On June 5, Ronald Reagan died peacefully at his home in California. At age 93, he was the longest-lived president in American history.