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An 18th-century map of Florida. This is a timeline of the U.S. state of Florida. ... 1960 August 27: Ax Handle Saturday; ... 1970s 1971 October 1: Walt ...
Although the economy was expanding from 1975 to the first recession of the early 1980s, which began in January 1980, inflation remained extremely high until the early 1980s. The U.S. Bureau of Labor Statistics estimates that 2.3 million jobs were lost during the recession; at the time, this was a post-war record. [4]
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 ...
In August 1981, the president signed the Economic Recovery Tax Act of 1981, a three-year tax cut plan. [12] As the recession deepened in 1982, Reagan's approval rating also dropped. As a result, during the 1982 midterm elections, Republican gains made in the House of Representatives during the 1980 election were reversed. [13]
Memories of the mid-late 1960s and early 1970s shaped the political landscape for the next half-century. As President Bill Clinton explained in 2004, "If you look back on the Sixties and think there was more good than bad, you're probably a Democrat. If you think there was more harm than good, you're probably a Republican." [4]
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.
When new gross domestic product figures last month showed US economic growth slowed ... in the 1970s after a spike in oil prices during the Arab oil embargo. ... to that seen in the 1970s and 1980s.
The economy of the state of Florida is the fourth-largest in the United States, with a $1.695 trillion gross state product (GSP) as of 2024. [1] If Florida were a sovereign nation (2024), it would rank as the world's 15th-largest economy by nominal GDP according to the International Monetary Fund , ahead of Spain and behind South Korea .