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On the bright side, the upstart computer industry flourished during the 1980s. The U.S. balance of trade grew increasingly unfavorable; the trade deficit grew from $20 billion to well over $100 billion. Thus, American industries such as automobiles and steel, faced renewed competition abroad and within the domestic market as well. The auto ...
Record production led to a fall in the price of commodities. Exports fell at the same time, due in part to the 1980 United States grain embargo against the Soviet Union. The Farm Credit System experienced large losses, which were the first losses since the Great Depression. [1] [2] The price of farmland was a significant factor. Credit ...
The 1980s (pronounced "nineteen-eighties", shortened to "the '80s" or "the Eighties") was the decade that began on January 1, 1980, and ended on December 31, 1989.. The decade saw a dominance of conservatism and free market economics, and a socioeconomic change due to advances in technology and a worldwide move away from planned economies and towards laissez-faire capitalism compared to the 1970s.
His impact has led historians to call the 1980s the Reagan era. [3] The Reagan model remains the conservative standard for social, economic and foreign policy issues. In recent years, social issues such as abortion, gun control and gay marriage have become important.
Over the past 45 years, the U.S. economy has doubled in size and American workers have grown 81% more productive while their wages have only grown 29%, according to the Economic Policy Institute ...
Obama: The 1980s Called, They Want Their Policy Back. DailyFinance Staff. Updated July 14, 2016 at 9:40 PM.
The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
Columbia Savings and Loan (Beverly Hills, CA), led by Thomas Spiegel, was closed in January 1991 at the cost of $3.25 billion. [88] Especially publicized was the insolvency of Lincoln Savings and Loan Association, led by influential Republican donor and political figure Charles Keating. Between 1984 and 1989 it grew five-fold, investing mainly ...