Events of the 1980's

Events of the 1980s

The 1980s started of hope and optimism to a vision of a reborn America. aft(prenominal) two decades of troubles, assassinations, urban riots, the agony of Vietnam and the disgrace of Watergate the nation was produce to move ahead. Here was the oldest man ever to serve as president, Ronald Reagan was in his 70a yet this boyish grin and rugged replete(p) looks still projected the youthful vigor of his days in Hollywood (Time Life Book Editors, 1999).

Good luck as head as charisma helped sustain Reagans popularity. Reaganomics was largely responsible for touching run into the biggest bull market in Wall lane history. Of course on such person Ivan Boesky was known as Ivan the Terrible for is relentless wheeling and dealing in the stocks of companies tar startleed for acquisitions. development huge sums of money Boseky bought out companies and then sold them off piece by piece squeezing a debauched profit and typically at the cost of laid of workers. In the movie Wall Street the character named Gordon Gekko captures the impudent mortality when he said, Greed is good. Greed is right.

Pop demographers identified a new socioeconomic class infatuated with wealth and material possessions. These were the yuppies, an acronym that stood for young urban professionals. Hard driving overachievers, they worked out in wise health clubs and either possessed or were seeking an MBA degree.

Shopping malls had convey the cathedrals of American material culture there than anywhere and home, job, or schools. Much of what they shopped for was microwave ovens, VCRs, cordless phones. Transcending all these prodigies of miniaturization was the personal computer, which in the 1980s became commonplace in homes and standard equipment in offices.

If heighten prosperity and a renewed national superciliousness were the good news, there were also discouraging developments.

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