Unformatted text preview: Reagan's second term. Outside of the INF Treaty, political scandals and problems on Wall Street marred Reagan's second term. In November 1986, the country learned that the United States had sold arms, primarily antitank missiles, to Iran. The administration justified the arms sales by saying that the United States was supporting moderate elements in Iran. However, it soon became clear that the arms shipments were intended to win the release of Americans held hostage in Lebanon by pro-Iranian groups, even though the president had promised on several occasions that the United States would never negotiate with terrorists. The scope of the controversy widened when it was revealed that Lieutenant Colonel Oliver North, a Marine on the staff of the National Security Council, had funneled profits from the arms sales in Iran to the Contras in Nicaragua. Council, had funneled profits from the arms sales in Iran to the Contras in Nicaragua....
View Full Document
- Fall '08