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Recession of 1980
The government sought to control inflation through the use of the monetary policy which was to manage the money supply. -
1980 Winter Olympics in New York
This took a lot of money to host the Olympic Games -
Period: to
1980's- 1990's Timeline
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Mount Saint Helens
There was a huge economic crash because all the resources were going to the Bay Area to help clean up and save and relocate people so this disaster wouldn't happen again. -
President Regan takes office
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First launch of the Space Shuttle
It cost $196 billion to launch the space shuttle which showed that the Americans were focused on the space race then -
The personal computer was invented
This caused consumer spending to increase a lot because technology was becoming more desirable to the average person, not just scientists. -
Tax Cuts
There was a 10% tax cut because when Regan was President he was a fiscal president and didn't believe in taxation. There was a 25% tax cut throughout his time as president. -
Star Wars: The Last Jedi and E.T. came out
The advancement in technology and film was a big step for the economy because the movie business figured out how to make millions off of new movies. -
1984 Summer LA Olympics
The Olympics took a lot of funding to host -
Gas Shortage
Iranian oil production daily dropped from 5.8 million barrels a day to 445,000 barrels a day. DOE wanted to set up programs to help the crisis, however; even if such programs weren’t places - higher prices would still have a negative effect on consumption. -
Martin Luther King Jr.
In association of the first MLK day, the government and certain companies closed down. The trade market, mail delivery, and more became closed on this day since it was a holiday. Businesses had to cope with the change. -
The Berlin Wall comes down
The Berlin Wall comes down which allows the U.S. to have more of their resources for themselves and stop spending money on helping the Germans -
Cold War Ends
When the Berlin War came down, the Iron Curtain was also lifted because the countries were doing free election instead of communist type decisions. President Regan and the Leader of the Soviet Union met to discuss the end of the war. -
The Hubble Telescope was launched into space
The Hubble Telescope cost NASA $1.5 million to launch -
Gulf War
Started because Iraq invaded Kuwait and Egypt and several other nations joined together to fight Iraq in what was called Operation Desert Shield.
