1. Greed is…good. -Gordon Gekko

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

4. 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

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

7. 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