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McCracken-1980s

By s_mccracker

  • Pres. Carter Puts Embargo on Grain & Technology

    Inflation Rate: 13.5%
    Household Income (Nominal): $16,354
    Household Income (Inflation Adjusted): $46,995
    GDP: $6.50 Trillion
    Unemployment Rate: 6.30%
    30 Year Mortgage Rate: 13.77%

  • Ronald Reagan Proposes Largest Tax Cut in History

    Inflation Rate: 10.3%
    Household Income (Nominal): $17,743
    Household Income (Inflation Adjusted): $46,205
    GDP: $6.59 Trillion
    Unemployment Rate: 7.50%
    30 Year Mortgage Rate: 16.63%

  • Unemployment is Recorded at Over 11 Million People Unemployed

    Inflation Rate: 6.2%
    Household Income (Nominal): $18,801
    Household Income (Inflation Adjusted): $46,082
    GDP: $6.49 Trillion
    Unemployment Rate: 8.60%
    30 Year Mortgage Rate: 16.08%

  • Reagan Signs Legislation to Rescue Social Security System

    Inflation Rate: 3.2%
    Household Income (Nominal): $19,625
    Household Income (Inflation Adjusted): $45,760
    GDP: $7.00 Trillion
    Unemployment Rate:10.40%
    30 Year Mortgage Rate: 13.23%

  • The L.A. Olympics were Held and Proved a Financial Success

    Inflation Rate: 4.3%
    Household Income (Nominal): $20,712
    Household Income (Inflation Adjusted): $47,181
    GDP: $7.40 Trillion
    Unemployment Rate: 8%
    30 Year Mortgage Rate: 13.87%

  • GEC Buys the RCA Corp. for $6.28 Billion

    Inflation Rate: 3.6%
    Household Income (Nominal): $21,821

    Household Income (Inflation Adjusted): $48,063
    GDP: $7.71 Trillion
    Unemployment Rate: 7.3%
    30 Year Mortgage Rate: 12.42%

  • The Iran-Contra Affair Occurs

    Inflation Rate: 1.9%
    Household Income (Nominal): $23,041
    Household Income (Inflation Adjusted): $49, 764
    GDP: $7.94 Trillion
    Unemployment Rate: 6.70%
    30 Year Mortgage Rate: 10.18%

  • The Stock Market Crashed by a Record 22.6%

    Inflation Rate: 3.6%
    Household Income (Nominal): $24,187
    Household Income (Inflation Adjusted): $50,389
    GDP: $8.29 Trillion
    Unemployment Rate: 6.60%
    30 Year Mortgage Rate: 10.20%

  • George Bush Wins the Presidential Election

    Inflation Rate: 4.1%
    Household Income (Nominal): $25, 388
    Household Income (Inflation Adjusted): $50,776
    GDP: $8.61 Trillion
    Unemployment Rate: 5.70%
    30 Year Mortgage Rate: 10.34%

  • The Berlin Wall is Torn Down Opening Soviet Nations to the West

    Inflation Rate: 4.8%
    Household Income (Nominal): $27,081

    Household Income (Inflation Adjusted): $51,681
    GDP: $8.85 Trillion
    Unemployment Rate: 5.40%
    30 Year Mortgage Rate: 10.32%