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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 ...
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.
A lot of people follow the American Dream to achieve a greater chance of becoming rich. Some posit that the ease of achieving the American Dream changes with technological advances, availability of infrastructure and information, government regulations, state of the economy, and with the evolving cultural values of American demographics.
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.
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.
12 November 1980: Saturn flyby (closest approach 124,000 km), close encounter of Titan and encounters with a dozen other moons. USA (NASA) Voyager 1: 12 April 1981: First reusable crewed orbital spacecraft (Space Shuttle). USA (NASA) STS-1: 1 March 1982: First Venus soil samples. First sound recording of another world (Venus). USSR Venera 13: ...
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 ...
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 ...