If you've got it, flaunt it! National Debt: 1980 - $914,000,000,000 National Debt: 1986 - $2,000,000,000,000 Average salary: $15,757 Life Expectancy: Male 69.9 Female 77.6 Minimum Wage: $3.10 BMW was $12,000; Mercedes 280 E was $14,800 Binge buying and credit became a way of life and 'Shop Til you Drop' was the watchword. Labels were everything, even (or especially) for our children. T he 1980s became the Me! Me! Me! generation of status seekers.
1981 Ronald Reagan elected president.
The first space shuttle, Columbia, flew into the Earth’s orbit April, 1981
“ Star Wars”
American Invasion of Grenada Operation Urgent Fury
Iran-Contra Affair Iran = sold American arms to Iran; took money and gave it to support the Contra Rebels fighting to overthrow the gov’t in Nicaragua
Challenger exploded. On January 28, 1986 the ship exploded soon after takeoff, killing all seven crew members, including a teacher, Christa McAuliffe.
Mikhail Gorbachev becomes the new leader of the Soviet Union in 1985.
Perestroika Stagnant command economy to market-oriented economy.