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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.
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 ...
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.
1980 was a leap year starting on Tuesday of the Gregorian calendar, the 1980th year of the Common Era (CE) and Anno Domini (AD) designations, the 980th year of the 2nd millennium, the 80th year of the 20th century, and the 1st year of the 1980s decade.
1980s; 1990s; 2000s; See also: History of the United States (1980–1991) Timeline of United States history (1970–1989) List of years in the United States;
A recession occurred beginning in January 1980. [1] As a result of the increasing federal funds rate, credit became more difficult to obtain for car and home loans.This caused severe contractions in manufacturing and housing, which were dependent on the availability of consumer credit. [7]
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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 ...