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The 1980s (pronounced "nineteen-eighties", shortened to "the '80s" or "the Eighties") was the decade that began on 1 January 1980, and ended on 31 December 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.
These actions accelerated the end of the Cold War, which occurred in 1989–1991, as typified by the collapse of communism both in Eastern Europe, and in the Soviet Union, and in numerous Third World clients. The economy was in recession in 1981–1983, but recovered and grew sharply after that.
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]
The 600-ship Navy was a strategic plan of the United States Navy during the 1980s to rebuild its fleet after cutbacks that followed the end of the Vietnam War. [1] The plan, which originated with Republican leaders, was an important campaign plank of Ronald Reagan in the 1980 presidential election , who advocated a larger military and strategic ...
Most basic supplies in the '80s were a fraction of the cost today. The cost of gas was just $1.12 — less than half of today's prices. Today, a gallon of milk will set you back $3.52, but in 1985 ...
The monopoly position of the Bell System in the U.S. was ended on January 8, 1982. AT&T Corporation proposed by in a consent decree to relinquish control of the Bell Operating Companies, which had provided local telephone service in the United States. [1]
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Congress did authorize a military expedition by statute. A large fleet under Captain Stephen Decatur attacked Algiers and obtained indemnities. 1815: Tripoli: After securing an agreement from Algiers, Captain Stephen Decatur demonstrated with his squadron at Tunis and Tripoli, where he secured indemnities for offenses during the War of 1812.