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President Ronald Reagan was the face of the United States during the 1980s.. 1980 – The United States boycotts the Summer Olympics in Moscow to protest the 1979 Soviet invasion of Afghanistan; also announces a grain embargo against the Soviet Union with the support of the European Commission.
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 ...
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 ...
Political pressure led to America's withdrawal from the war in 1973, and the Fall of Saigon in 1975 leading to evacuations of South Vietnamese that same year; the 1973 oil crisis causes a financial crisis throughout the developed world; both the leaders of Israel and Egypt shake hands after the signing of the Camp David Accords in 1978; in 1971 ...
The Reagan era or the Age of Reagan is a periodization of recent American history used by historians and political observers to emphasize that the conservative "Reagan Revolution" led by President Ronald Reagan in domestic and foreign policy had a lasting impact.
April 24–25 – Operation Eagle Claw, a commando mission in Iran to rescue American embassy hostages, is aborted after mechanical problems ground the rescue helicopters. Eight United States troops are killed in a mid-air collision during the failed operation.
Commentary, a monthly Jewish magazine on politics, foreign policy, society and cultural issues that began as a liberal voice in the 1940s moves sharply to the right in the 1970s under editor Norman Podhoretz. It becomes an influential voice for Israel, anti-communism and neoconservatism by 1976, and supports Reagan in the 1980s. [116]
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.