US President Ronald Reagan awards the Congressional Gold Medal to Ken Taylor, Canada's former ambassador to Iran, for helping six Americans escape from Iran during the hostage crisis of 1979–81; he is the first foreign citizen bestowed the honor.

Ronald Wilson Reagan was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. A member of the Republican Party, he became an important figure in the American conservative movement. The period encompassing his presidency is known as the Reagan era.