The 1980s

The 1980s

Period: Jan 1, 1980 to Dec 31, 1989

1980 Historical Events

Jan 4, 1980

President Jimmy Carter announces that emabrgo on sale of grain and high technology to the soivet union due to the soivet invasion

1980 Economic Indicators

Dec 31, 1980

Inflation Rate = 13.5%
Nominal Household Income = $16,354
Inflation Adjusted Household Income = $46,205
GDP = $6.50T
Unemployment Rate = 6.30%
30Year Mortgage Rate = 13.77%

1981 Historical Events

Mar 30, 1981

President Ronal Reagan withstands an assassination attempt, shot in the chest while walking to his limousine inWashington D.C

1981 Economic Indicators

Dec 31, 1981

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

1982 Historical Events

Jan 8, 1982

ATT settler its lawsuit with the U.S justice department. The agreement forced the independence of the 22 regional Bell system companies.

1982

Dec 31, 1982

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

1983 Historical Events

Oct 25, 1983

the United States invasion of Grenada occurs at the request of the organization of Eastern Caribbean States to depose the Narxist regime.

1983 Economic Indicators

Dec 31, 1983

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

1984 Histroical Events

Feb 7, 1984

Navy blue captaqain Bruce McCandless and Army Ly. colonel Robert Stewart became the first astronauts to fly free of a space craft in orbit during a space shuttle flight that began 4 days earlier

1984 Economic Indicators

Dec 31, 1984

Inflation Rate = 4.3%
Nominal Household Income = $20,712
Inflation Adjusted Household Income = $47,181
GDP = $7.40T
Unemployment Rate = 8.00%
30Year Mortgage Rate = 13.87%

1985 Historical Events

Nov 20, 1985

The first version of the windows operating system for computers is released.

1985 Economic Indicators

Dec 31, 1985

Inflation Rate = 3.6%
Nominal Household Income = $21,821
Inflation Adjusted Household Income = $48,063
GDP = $7.71T
Unemployment Rate = 7.30%
30Year Mortgage Rate = 12.42%

1986 Historical Events

May 25, 1986

5 million people make a human chain across in the United States in the Hands Across America campaign to fight hunger and homlessness

1986 Economic Indicators

Dec 31, 1986

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

1987 Historical Events

Aug 12, 1987

Near the end of hearings into the Iran-contra affair, President Reagan admits to a policy that went astray, but denied knowledge of the diversion of funds to the contras.

1987 Economic Indicators

Dec 31, 1987

Inflation Rate = 3.6%
Nominal Household Income = $24,187
Inflation Adjusted Household Income = $50,389
GDP = $8.29T
Unemployment Rate = 6.60%
30Year Mortgage Rate = 10.20%

1988 Historical Events

Feb 3, 1988

The United States House of Representatives rejects the request of President Reagan for $36.25 million to fund the Nicaraguan Contras.

1988 Economic Indicators

Dec 31, 1988

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

1989 Historical Events

Jan 6, 1989

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

1989 Economic Indicators

Dec 31, 1989

Inflation Rate = 4.8%
Nominal Household Income = $27,081
Inflation Adjusted Household Income = $451,681
GDP = $8.85T
Unemployment Rate = 5.40%
30Year Mortgage Rate = 10.32%