Search results
Results from the WOW.Com Content Network
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 ...
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of approximately a third of the savings and loan associations (S&Ls or thrifts) in the United States between 1986 and 1995.
In the 1980s and '90s, a push to lower the legal blood alcohol content (BAC) limit for getting behind the wheel took the country by storm. Mothers Against Drunk Driving (MADD) was formed in 1980 ...
Drunk driving is the act of operating a motor vehicle with the operator's ability to do so impaired as a result of alcohol consumption, or with a blood alcohol level in excess of the legal limit. [1] For drivers 21 years or older, driving with a blood alcohol concentration (BAC) of 0.08% or higher is illegal.
Rebounding inflation after an initial decline spurred the Fed to continue monetary tightening, which led to another recession after only a year. The period from 1980 to 1982 is sometimes referred to as a double-dip recession. Dec 1982– July 1990 92 +2.8% +4.3%: Inflation was under control by the mid-1980s.
When the 1990 oil price shock hit in mid-1990, consumer spending contracted and the economy entered recession. Unlike the early 1980s recession , the recession beginning in 1990 was relatively mild. Some of the hardest hit cities were in California and the Northeast, while much of the South was less affected.
The Great Moderation is a period of macroeconomic stability in the United States of America coinciding with the rise of independent central banking beginning from 1980 and continuing to the present day. [1] [2] It is characterized by generally milder business cycle fluctuations in developed nations, compared with decades before.
During the 1980s and 1990s, the national median home price ranged from 2.9 to 3.1 times median household income. By contrast, this ratio increased to 4.0 in 2004, and 4.6 in 2006. [ 293 ] This housing bubble resulted in many homeowners refinancing their homes at lower interest rates, or financing consumer spending by taking out second mortgages ...