1. New Developments of the 1980s.
- Subjects
COLD War, 1945-1991 ,STOCK Market Crash, 1987 ,UNITED States politics & government, 1981-1989 ,UNITED States economy, 1981-2001 - Abstract
The article offers information on the political, cultural and economic conditions in the U.S. during the 1980s. It is mentioned that former U.S. president Ronald Reagan along with head of Soviet Union Mikhail Gorbachev worked to end the Cold War. Also, during 1980s, the banks raised the interest rates, unemployment increased and the stock market crashed which increased the possibility of another economic depression. Additionally, during this time pop artist Michael Jackson became very popular.
- Published
- 2011