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Between the fall of 1981 and the end of 1982, nearly 70% of the increase in unemployment came from men's unemployment. [11] Unemployment had changed very little in the period between the end of the 1980 recession and the July 1981 start of the second, never dropping below 7.2%. [2]
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 ...
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 ...
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 ...
Obama: The 1980s Called, They Want Their Policy Back. DailyFinance Staff. Updated July 14, 2016 at 9:40 PM.
The early 1980s saw a recession along with high interest rates, which stressed both thrift and other banking institutions considerably. [7] Negative net interest margins, due to the low interest earned on assets with high deposit interest expenses needed to retain deposits, caused a wave of thrift failures between 1981 and 1983. [1]
America responded to the 1980s crack epidemic with police and prisons instead of public health. Now look where we are. Editorial: The 1980s crack epidemic was a fork in the road.
If that happened, spillover effects could sweep over the entire financial system, with negative consequences for the real economy as a whole. [25] As Robert R. Glauber stated, "From our perspective on the Brady Commission, Black Monday may have been frightening, but it was the capital-liquidity problem on Tuesday that was horrifying."