Reagan rang the NYSE opening bell 40 years ago today — here’s what experts say about his legacy

On March 28, 1985, president Ronald Reagan made history as a single first president to create the opening bell on the New York Stock Exchange (NYSE). Exactly 40 years later, the Ronald Reagan Foundation for Presidency and Institute David Trolio, along with the chairman and editor -in -chief of the media at Forbes Steve Forbes, honored the legacy of the fortieth president and rang the iconic opening.

When Reagan addressed the New York Stock Exchange, he was at the beginning of his second term. He talked about the economic growth witnessed by the United States during its first term and reached the positive effects of tax cuts and the abolition of restrictions.

“But in the past five years, we moved from distress to hope, trust and opportunity,” Reagan said. “We knew that the distress was really the situation: through its high taxes, excessive spending and excessive organization, she threw a key in our free markets. In essence, the government was trying to manage the economy but it was destroying it instead.”

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When Reagan entered his post, the American economy was suffering, and the threat of escalation in the Cold War was looming on the horizon. However, his policies helped stimulate economic growth and reform tensions in the Cold War, which ended two years after Reagan left his post.

In his conversation with Trolio before the bell ring, Forbes touched on Reagan’s success in the transfer of the United States “from a decline to a strong nation.” The media pole said that the “moral dimension” of Reagan’s policies made people realize that it was more than critical growth – was a matter of “improving humanity.”

The general view of the Stock Exchange in New York, which celebrated the fortieth anniversary of President Ronald Reagan Ring, the opening bell on Friday, March 28, 2025, in New York, New York (James Keivom for Fox News Digital / Fox News)

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Forbes and the opening bell of the opening at 9:30 am surrounded by Reagan’s photos, with the crowd below in chants.

When talking to Fox News Digital after the bell ring, Trolio stressed the importance of the United States continues to work to be the best economy in the world.

“It is not written in the stone that America is the first economy in the world, just because we have to work and make sure – on the basis of the two parties – we learn about these policies and discuss them and contradict the policies that drive growth, innovation and opportunity,” Trolio told Fox News Digital.

David Trolio, President and CEO of Ronald Reagan Foundation for Presidency and Institute (RRPFI) on the New York Stock Exchange to celebrate the fortieth anniversary of President Ronald Reagan, as they see the opening bell on Friday, (James Keivom for Fox News Digital / Fox News)

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Trulio and Forbes made a symmetry between Reagan and President Donald Trump. Upon entering his second term, Trump was handed over an economy in decline and international chaos, similar to the challenges faced by Reagan.

“Well, we have two historical leaders. Both are partnership in keeping low taxes, which reduces regulations, and to do everything possible to drop the government’s burden. Therefore, I think there is a good consensus there. These principles that President Reagan seems to have been applied at the present time by President Trump,” said Trolio News Digiki.

Like Reagan, Trump has worked to reduce government waste, especially with the Ministry of Governmental efficiency (DOGE). During his conversation with Trulio, Forbes admitted that Dog might seem “chaotic” from the outside, but he said he was “revolutionary”.

Steve Forbes, Chairman and Editor -in -Chief of Forbes Media, on the New York Stock Exchange to celebrate the fortieth anniversary of President Ronald Reagan, the opening bell rings on Friday, March 28, 2025, in New York, New York, (James Keivom for Fox News Digital / Fox News)

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While Trolio refrained from predicting what Reagan was thinking of Dog, he said that the administration’s actions are talking to align her with “the broader principles that he practiced with great success in the Reagan administration.”

Forbes, on the other hand, he told Fox News Digital that he believed that Reagan “would have fully agreed to Dog” and that the forty president would have hoped that Elon Musk would be so that he could “unleash him, just as President Trump did.”

Forbes told Fox News Digital: “President Trump believes in free institutions, and for this reason he made tax changes and organizational changes he made in the first period. I am happy that they are canceling the restrictions in revenge in the second period.