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Following the October 6, 1979 meeting of the Federal Open Market Committee, the federal funds rate increased gradually from 11.5% to an eventual peak of 17.6% in April 1980. [6] This caused an economic recession beginning in January 1980, and in March 1980, president Jimmy Carter created his own plan for credit controls and budget cuts to beat ...
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 .
Current events; Random article; About Wikipedia; Contact us; Contribute Help; Learn to edit; ... 1979 Soviet economic reform; 1980–1989 world oil market chronology;
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.
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.
By the mid-1980s, the crisis had reached its peak. Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984. Other negative economic factors included high interest rates, high oil prices and a strong dollar. Record ...
Unlike other nations, moreover, for New Zealand the effects of the October 1987 crash spilled over into its real economy, contributing to a prolonged recession. [72] The effects of the worldwide economic boom of the mid-1980s had been amplified in New Zealand by the relaxation of foreign exchange controls and a wave of banking deregulation.
The Economy in the Reagan Years: The Economic Consequences of the Reagan Administrations Greenwood Press. 1994; Camardella, Michele L. America in the 1980s (2005) For students in middle school. Collins, Robert M. Transforming America: Politics and Culture During the Reagan Years, (Columbia University Press; 320 pages; 2007).