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Reagan graduated from Eureka College in 1932 and began to work as a sports broadcaster in Iowa. In 1937, Reagan moved to California, where he became a film actor. From 1947 to 1952, Reagan served as the president of the Screen Actors Guild. In the 1950s, he worked in television and spoke for General Electric. From 1959 to 1960, he again served as the Screen Actors Guild's president. In 1964, "A Time for Choosing" gave Reagan attention as a new conservative figure. He was elected governor of California in 1966. During his governorship, he raised taxes, turned the state budget deficit into a surplus, and cracked down harshly on university protests. After challenging and nearly defeating incumbent president Gerald Ford in the 1976 Republican presidential primaries, Reagan won the Republican nomination and then a landslide victory over incumbent Democratic president Jimmy Carter in the 1980 United States presidential election.
In his first term, Reagan implemented "Reaganomics", which involved economic deregulation and cuts in both taxes and government spending during a period of stagflation. He escalated an arms race and transitioned Cold War policy away from détente with the Soviet Union; he also ordered the invasion of Grenada in 1983. Additionally, he survived an assassination attempt, fought public sector labor unions, expanded the war on drugs, and was slow to respond to the AIDS epidemic in the United States, which began early in his presidency. In the 1984 presidential election, Reagan defeated former vice president Walter Mondale in another landslide victory. Foreign affairs dominated Reagan's second term, including the 1986 bombing of Libya, the Iran–Iraq War, the secret and illegal sale of arms to Iran to fund the Contras, and a more conciliatory approach in talks with Soviet leader Mikhail Gorbachev that culminated in the Intermediate-Range Nuclear Forces Treaty.