Search results
Results from the WOW.Com Content Network
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 official end of the recession was established as of July 1980. [1] As interest rates dropped beginning in May, payrolls turned positive. Unemployment among auto workers rose from a low of 4.8% in 1979 to a record high of 24.7%, then fell to 17.4% by the end of the year.
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 Canadian economy experienced overall weakness from the start of 1980 to the end of 1983, with low yearly real GDP growth rates of 2.1% and 2.6% in 1980 and 1983, respectively, and a steep 3.2% decline in real GDP for 1982. [7] As with other G7 countries, Canada had two separate economic contractions in the early 1980s. [6]
The '80s were a decade defined by major technological innovations, big hair, cult-classic movies and the start of many iconic companies, including AOL on May 24, 1985. Most basic supplies in the ...
Even so, by the end of 1985, funding for domestic programs had been cut nearly as far as Congress could tolerate. In this context, the deficit rose from $60 billion in 1980 to a peak of $220 billion in 1986 (well over 5% of GDP). Over this period, national debt more than doubled from $749 billion to $1.746 trillion.
It acquires MapQuest for $1.1 billion in December. 2000 : America Online merges with Time Warner. While the "marriage" didn't last, it was biggest corporate merger in history at the time.
~1 year ~2 years −5.9% — This recession was mild enough that it may have only been a slowdown in the growth cycle. One theory holds that this would have been a recession, except the United States began to gear up for the Mexican–American War, which began April 25, 1846. [16] 1847–1848 recession late 1847 – late 1848 ~1 year ~1 year ...