American presidents Richard Nixon and Ronald Reagan are both similar and distinctively unique to the era of their leadership. A major similarity lies in their fight against communism, but even with a common goal in mind, their individual approaches to finding a solution vary greatly. The differences between Reagan and Nixon are vast, but one can easily discern that Reagan's approach to the American economy was much more associated with the "Big Business" agenda than Nixon's. Ultimately, the leaders of Presidents Richard Nixon and Ronal Reagan shared similar goals of wiping out communism, but they differed greatly in terms of American economic policies and practices. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Should Not Be Banned"?Get the original essayThe Major Similarity: An Effort to Destroy the Threat of Global CommunismRichard Nixon became president during the tumultuous Vietnam War and presented on a platform promising to end it. war during his presidency, but in reality he secretly prolonged the war in the hope of destroying the communist threat present in this region of Asia. With authorization granted by the Gulf of Tonkin Resolution, Nixon secretly bombed Laos and Cambodia because supply lines were believed to be entering North Vietnam. Nixon's secrets in turn led the public to completely distrust the government once its secrets were revealed. This varies considerably from Reagan's approach to communist repression. Ronald Reagan chose less abrasive tactics to help end the threat of communism, such as the Reagan Doctrine, which asserted America's right to intervene wherever the Soviet Union had influence by providing aid to groups working for other communist-influenced governments. In comparison, it would appear that the less aggressive approach was actually much more effective than bombing innocent civilians, because Reagan managed to end the Cold War, by dissolving the Soviet Union, through peace talks. peace with Soviet leader Mikhail Gorbachev who developed the Intermediate-Range Nuclear Forces (INF) Treaty. Although both presidents shared the goal of eradicating the threat of global communism, their different approaches yielded very different results. In terms of the economy, Presidents Nixon and Reagan had incredibly different policies and approaches. Ronald Reagan was very pro-big business, and for this reason he actually decided to cut some programs that had come into existence during Nixon's time as president, such as the EPA and OSHA, to allow large companies to produce without too much bureaucracy (The American Journey p. 887). Reagan had hoped to stimulate the economy through these practices, but ultimately doomed it to failure twenty years later, including by deregulating the banking system, which essentially allowed banks to use and invest more money. money than they received. Reagan's pro-Big Business attitude appears to have been more destructive in the long run. The economy during Nixon's presidential term failed for multiple reasons, but the most important was the fact that the U.S. government was dumping $3 billion of taxpayer money into the economy every month. Vietnam War. The Arab oil embargo also had a significant impact on the American economy when OPEC countries refused to sell oil to the United States for five months, which.