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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 history of the United States from 1980 until 1991 includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first three years of the George H. W. Bush presidency, up to the collapse of the Soviet Union. Plagued by the Iran hostage crisis, runaway inflation, and mounting domestic ...
Construction declined by a similar 300,000. Unemployment rose to a recession peak of 7.8% in June 1980, however, it changed very little through the end of the year, averaging 7.5% through the first quarter of 1981. [8] The official end of the recession was established as of July 1980. [1]
From 1879 to 1882, there had been a boom in railroad construction which came to an end, resulting in a decline in both railroad construction and in related industries, particularly iron and steel. [25] A major economic event during the recession was the Panic of 1884. 1887–1888 recession. March 1887 – April 1888.
Early 1980s recession. The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [1][2][3] It is widely considered to have been the most severe recession since World War II until the 2007–2008 financial crisis. [4][5][3]
On the same day Iran releases hostages, marking the end of the Iran hostage crisis. March 30, 1981 – Attempted assassination of President Reagan by John Hinckley Jr. 1981 – 1982 United States is part of the global recession, with national unemployment as high as 9%, with some areas much higher, and inflation as high as 13.5%.
The 1980s portal. 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 ...
The 1980 United States presidential election was the 49th quadrennial presidential election, held on November 4, 1980. The Republican nominee, former California governor Ronald Reagan, defeated incumbent Democratic President Jimmy Carter in a landslide victory. This was the second consecutive election in which an incumbent president was ...