1980s: Commerce - Research Article from Teen Issues

This encyclopedia article consists of approximately 7 pages of information about 1980s: Commerce.
This section contains 336 words
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After nearly a decade of slow business growth and declining consumer confidence, the American economy began a period of strong growth and growing confidence beginning in 1982. The cheerleader for this decade of economic optimism was none other than the nation's president, Ronald Reagan (1911–). He told America that it was time to get government off of people's backs. He reduced government regulations, reduced taxes, and let businesses seek their maximum profit.

The 1980s were an era in which big businesses got even bigger. Many large companies sought to gain power by purchasing competitors. Corporate buyouts, mergers, and "leveraged buyouts"—in which a corporate raider gained control of a company's stock and forced its sale—became commonplace. This intense corporate competition was symbolic of the age, as an intense focus on profit and getting ahead seemed to be common among many Americans. Gordon Gecko, the evil...

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This section contains 336 words
(approx. 2 pages at 300 words per page)
Buy the 1980s: Commerce Encyclopedia Article
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1980s: Commerce from Lucent. ©2002-2006 by Lucent Books, an imprint of The Gale Group. All rights reserved.
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