Search results
Results from the WOW.Com Content Network
However, the Federal Reserve continued with restrictive monetary policy, limiting economic growth in the late 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 ...
1980 – The Refugee Act is signed into law, reforming United States immigration law and admitted refugees on systematic basis for humanitarian reasons; 1980 – The Mount St. Helens eruption in Washington on 18 May kills 57. 1980 – U.S. presidential election, 1980: Ronald Reagan is elected president, with George H. W. Bush elected vice president
June 1: 1990 Chemical Weapons Accord. June – The last month of the 1980s business cycle expansion, at the time the second-longest expansion in American history (the 1960s expansion was a year longer), comes to an end; the unemployment rate is 5.2%. June 1
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.
1989–1990: Panama: United States invasion of Panama and Operation Just Cause, On December 21, 1989, President Bush reported that he had ordered U.S. military forces to Panama to protect the lives of American citizens and bring General Noriega to justice. By February 13, 1990, all the invasion forces had been withdrawn.
Hubble Space Telescope 1990 — Hubble Space Telescope launches during STS-31, a Space Shuttle Discovery mission. 1991 — The Gulf War is waged in the Middle East, by a U.N.-authorized coalition force from thirty-four nations, led by the U.S. and United Kingdom, against Iraq. 1991 — The World Wide Web publicly debuts as an Internet service.
Notably, the early 1990s recession did not have as deep a contraction as the early 1980s recession, but was of longer duration as it had four years of less than 2.3% growth in real GDP (1989–92), while the early 1980s recession only had two years of less than 2.3% growth (1980 and 1982), and only the early 1990s recession actually saw a ...
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.