Ronald Reagan companies doing business with his department to make campaign contributions on his behalf. Reagan determined that the 18-year sentence was excessive compared to what other political figures in similar circumstances had been receiving. After leaving office in 1989, the Reagans purchased a home in Bel Air, Los Angeles, in addition to the Reagan Ranch in Santa Barbara. They regularly attended Bel Air Church and occasionally made appearances on behalf of the Republican Party; Reagan delivered a well-received speech at the 1992 Republican National Convention. Previously on November 4, 1991, the Ronald Reagan Presidential Library was dedicated and opened to the
Political positions of Ronald Reagan under his predecessor, President Jimmy Carter. This view stemmed from his less-government intervention views. He had pledged to abolish the department, but did not pursue that goal as President. As President, Reagan removed controls on oil prices, resulting in lower prices and an oil glut. He did not reduce U.S. dependency on oil by imposing an oil-importing fee because of his opposition to taxation. He trusted the free marketplace. Lower global oil prices had the effect of reducing the income that the Soviet Union could earn from its oil exports. Political positions of Ronald Reagan Ronald Reagan was the 40th