Greed is…good. -Gordon Gekko

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Presentation transcript:

Greed is…good. -Gordon Gekko

Recession/Rebound Economic rebound – service sector young urban professionals (yuppies) October 1987 Black Tuesday: stock markets crashed

Rise of the Right Margaret Thatcher Ronald Reagan Military spending: Star Wars Religious Right Evil Empire became PM of Britain in 1979 and began privatizing public services like health, education, housing Unemployment goes way up

USSR in Decline Discontent in Poland, East Germany Soviets did not support the communists in these countries and those governments fell

Soviet Union invades Afghanistan Americans fund and supply Taliban and Al Qaeda to overthrow the Soviets Many western countries boycott the 1980 Moscow Olympics Fear of Nuclear War

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