One significant factor that led to the deregulation of the United States financial sector in the 1980s was the election of Ronald Reagan as President. Reagan featured a policy of economics that was rooted in deregulation of markets and opening of the public sector to private business. For Reagan, the deregulation of markets was designed to increase the presence and economic viability of private business. Economic growth and acquiring private wealth became a significant factor to deregulation to economic markets.
Deregulating markets was a way in which private investors were able to accumulate large levels of wealth without the intrusive element of external control. Under Reagonomics, private industry was encouraged and public ownership of the means of production was discouraged. This economic philosophy became a major factor behind why markets were deregulated in the 1980s. Under Reagan's leadership, the time period became driven with economic wealth and the accumulation of individual wealth through deregulation.