The 1980s

By michaelrek42
  • Period: to

    The 1980s

  • Volcanic Action

    Volcanic Action
    May 18, 1980
    Volcnao Mount St. Helen erupts killing many people and costing near $5 billion

  • 1980

    1980
    Inflation Rate = 13.5%
    Nominal Household Income = $16,354
    Inflation Adjusted Household Income = $46,995
    GDP = 6.50T
    Unemployment Rate = 6.30%
    30 Year Morgage Rate = 13.77%

  • Reagan Tax Cuts

    Reagan Tax Cuts
    july 29, 1981
    Reagan Tax Cuts reduced taxes by $750 billion over the next 5 years.

  • 1981

    1981
    Inflation Rate = 10.3%
    Nominal Household Income = $17,743
    Inflation Adjusted Household Income = $46,205
    GDP = 6.59T
    Unemployment Rate = 7.50%
    30 Year Morgage Rate = 16.63%

  • Unemployed

    Unemployed
    November 5, 1982
    The highest unemployment rate since 1940 is recorded at 10.4%. By the end of November over 11 million people would be unemployed.

  • 1982

    1982
    Inflation Rate = 6.2%
    Nominal Household Income = $18,801
    Inflation Adjusted Household Income = $46,082
    GDP = 6.49T
    Unemployment Rate = 8.60%
    30 Year Morgage Rate = 16.08%

  • Star Wars

    Star Wars
    March 23, 1983
    The initial proposal to develop technology to intercept incoming missiles, the Strategic Defense Initiative Program, or Star Wars, is made by President Ronald Reagan.

  • 1983

    1983
    Inflation Rate = 3.2%
    Nominal Household Income = $19,265
    Inflation Adjusted Household Income = $45,760
    GDP = 7.00T
    Unemployment Rate = 10.40%
    30 Year Morgage Rate = 13.23%

  • Reagan Again

    Reagan Again
    November 6, 1984
    President Ronald Reagan is reelected

  • 1984

    1984
    Inflation Rate = 4.3%
    Nominal Household Income = $20,712
    Inflation Adjusted Household Income = $47,121
    GDP = 7.40T
    Unemployment Rate = 8.00%
    30 Year Morgage Rate = 13.87%

  • Windows

    Windows
    November 20, 1985
    The first version of the Windows operating system for computers is released.

  • 1985

    1985
    Inflation Rate = 3.6%
    Nominal Household Income = $21,712
    Inflation Adjusted Household Income = $48,063
    GDP = 7.71T
    Unemployment Rate = 7.30%
    30 Year Morgage Rate = 12.42%

  • Iran

    Iran
    November 3, 1986
    The first reporting of the Iran-Contra affair.They diverting money from arm sales to Iran to fund Nicaraguan Contra rebels, begins the largest crisis in the Reagan tenure.

  • 1986

    1986
    Inflation Rate = 1.9%
    Nominal Household Income = $23,041
    Inflation Adjusted Household Income = $49,764
    GDP = 7.94T
    Unemployment Rate = 6.70%
    30 Year Morgage Rate = 10.18%

  • Black Monday

    Black Monday
    October 19, 1987
    Stock Market crash known as Black Monday. A record drop of 22.6% drop occured this day. This event effected stock markets around the world.

  • 1987

    1987
    Inflation Rate = 3.6%
    Nominal Household Income = $24,187
    Inflation Adjusted Household Income = $50,384
    GDP = 8.29T
    Unemployment Rate = 6.60%
    30 Year Morgage Rate = 10.20%

  • Rejected

    Rejected
    February 3, 1988
    The United States House of Representatives rejects the request of President Reagan for $36.25 million to fund the Nicaraguan Contras.
    This saves the U.S. a good amount of money helping the ecomomy.

  • 1988

    1988
    Inflation Rate = 4.1%
    Nominal Household Income = $25,388
    Inflation Adjusted Household Income = $50,776
    GDP = 8.61T
    Unemployment Rate = 5.70%
    30 Year Morgage Rate = 10.34%

  • Labor

    Labor
    January 6, 1989
    Economic reports on the previous year from the Labor Department show a growth rate of 3.8%, the largest in four years and an unemployment rate of 5.3%, low of fourteen years.

  • 1989

    1989
    Inflation Rate = 4.8%
    Nominal Household Income = $27,081
    Inflation Adjusted Household Income = $51,681
    GDP = 8.85T
    Unemployment Rate = 5.40%
    30 Year Morgage Rate = 10.32%