Jul 28, 2019 · In the early 1980s, the American economy was suffering through a deep recession. Business bankruptcies rose sharply compared to previous years. Farmers also suffered due to a decline in agricultural exports, falling crop prices, and rising interest rates.

The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982.

Nov 22, 2013 · The economy officially entered a recession in the third quarter of 1981, as high interest rates put pressure on sectors of the economy reliant on borrowing, like manufacturing and construction. Unemployment grew from 7.4 percent at the start of the recession to nearly 10 percent a year later.

Although the U.S. macroeconomy recovered during the 1983-1990 economic expansion period, the early-1980s recession cast a long shadow over many parts of the United States, especially those reliant on heavy industry.

Jun 9, 2021 · During the 1980s, the US president proposed economic policies aiming at reducing government regulation, lowering capital gains and federal income taxes, and slowing the increase of government expenditures.

Dec 14, 2010 · According to the accepted arbiter of the economy’s ups and downs, the National Bureau for Economic Research, a brief recession in 1980 — lasting only six months — and a short period of growth, were followed by a sustained recession from July 1981 to November 1982.

A recession, a short decline in economic trade and prosperity, began in 1979 and lasted until 1982. President Ronald Reagan, elected in 1980, tried to assure the nation that the best course of action to bring about economic recovery was to have …

Oct 1, 1997 · In the United States the fifteen-year economic expansion that began in 1982, now called "the long boom" by economists, is the greatest economic boom in history--and it is still going.

Oct 23, 2012 · Economic growth during the 1980’s was a result of carefully orchestrated financial engineering under President Ronald Reagan, the economic philosophy known as trickle-down economics grew into popularity and spawned the term “Reaganomics.”

In 1980, the American people expressed their discontent with the federal government's policies of the 1970s through the election of President Ronald Reagan. Reagan based his economic program on the theory of supply-side economics, which mandated reducing marginal tax rates to encourage people to work harder and longer.