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Average Family
The average family consisted of 3.29 people in 1980 -
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Rich Get Richer
In the 80's, only the rich got richer because they owned the big businesses and didn't get taxed as much. -
U.S. Cencus reveals huge population increase.
The population was at the time, 226,542,203 people, which was an 11.4% increase than ten years previous -
Ronald Reagan Elected
Ronald Reagan is elected into presidential office. He won 49 out of the 50 states -
President Ronald Reagan passes tax cut law
President Ronald Reagan passed one of the tax cut legislations along with the U.S. congress, and this tax cut reduced taxes by $750 billion for the next five years ahead. -
MTV Begins
MTV's first aired their first music video, "Video Killed the Radio Star" -
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Catastrophic Business Loss
Over 17,000 business failed in the 80s, mostly in 1982, being the largest number since 1933 -
Eleven Million People Reported Unemployed
Eleven million people were reported unemployed, and this was the highest rate since 1940 -
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Inflation Rate is Under 5%
America was healthy again, and the inflation rate was under 5% -
Reagan Reelected
Ronald Reagan was reelected into the presidential office -
General Electric Corporation Purchase
The General Electric Corporation purchases the RCA corporation for $6.28 billion. This was significant because it was the largest corporate merger outside of any oil company. -
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Droughts Appear and Affect Farmers
Droughts affected farmers, and it was hard for them to grow crops -
Stock Market Crashes
The stock market crashed and dropped 22.6% in a single day. This crash happened on account of the New York Stock Exchange, and was known as “Black Monday”. This was extremely effective to other countries in the world because it struck other small stock market crashes all around the world. -
Average Family
The average family fell to 3.17 by the time the 90's came around