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Fuel Economy Mandate
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Iranian Revolution
created an oil crisis in the U.S., cost of oil rose -
Sugar Hill Gang release Raper's Delight, recognized as the 1st Hip Hop record released
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Energy Crisis
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Reaganomics
encouraging saving and investments, tax cuts, & government policies that encouraged increased productions -
Recession
business bankrupcies rose 50% from the previous year - farmers where impacted by import/export decline, interest rates rose, crop prices fell -
MTV
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Apple rolled out the 1st personal computer
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Oprah Winphrey took over AM Chicago Talk show
Within months it became the highest rated talk show in Chicago. Economic impact of her media empire continues to this day. -
Nuclear Energy replaces Hydroelectric power
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VH1
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Stock collapse - Black Monday
size caused Dow Jones to fall by 22.6% which is a larger decrease than 1929's. -
Exxon Valdez Oil Spill
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Savings & Loan crisis
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High yield market (junk bonds)
temporary market collapse -
USSR Communist party agrees to allow opposition parties
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Operation Desert Storm
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Aerosmith: 1st major band to let fans download a FREE full track from the internet