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After failing to gain traction during the weak and brief recovery from the 1980 downturn, weakness in manufacturing and housing caused by rising interest rates began to have an expanded effect on related sectors beginning in mid-1981. [2] Job losses resumed, this time expanding to nearly all employment sectors through the end of 1982.
The United States experienced a major farm crisis during the 1980s. By the mid-1980s, the crisis had reached its peak. Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984.
1970 – The Public Broadcasting System (PBS) begins operations, succeeding National Educational Television (NET). 1970 – Singer-songwriter-guitarist-musician Jimi Hendrix dies of a drug overdose at the age 27. 1970 – Singer Janis Joplin dies of a drug overdose at the age of 27. 1970 – The Environmental Protection Agency is created.
The automobile industry faced a precipitous decline during the 1970s due to climbing inflation, energy prices, and complacency during the long years of prosperity in the 50s–60s. There was a loss of interest in sports and performance cars from 1972 onward, and newly mandated safety and emissions regulations caused many American cars to become ...
With the return of inflation, insane gas prices, and Peter Brady, it's started to look like the 1970's revival is almost complete.However, as any cultural historian will attest, no reiteration of ...
3. Keebler Fudge Magic Middles. Neither the chocolate fudge cream inside a shortbread cookie nor versions with peanut butter or chocolate chip crusts survived.
The seeds of change were planted in Miami Beach in the late 1970s and into the ‘80s. The first two renovated Art Deco hotels, the Cardozo and the Carlyle, reopened in 1978.
American "malaise", a term that caught on following Carter's 1979 "crisis of confidence" speech, in the late 1970s and early 1980s was not unfounded as the nation seemed to be losing its self-confidence. Under the rule of Leonid Brezhnev, the Soviet economy was falling behind. The Soviets were decades behind in computers and high technology ...