By Graham Thompson
This booklet appears past the typical label of 'Ronald Reagan's the USA' to chart the complicated intersection of cultures within the Eighties. In doing so it offers an insightful account of the key cultural kinds of Nineteen Eighties America—literature and drama; movie and tv; tune and function; artwork and photography—and influential texts and tendencies of the last decade: from White Noise to Wall highway, from Silicon Valley to MTV, and from Madonna to Cindy Sherman. A concentrated bankruptcy considers the altering dynamics of yank tradition in an more and more globalised marketplace.Key positive aspects: * centred case reviews that includes key texts, genres, writers, artists and cultural traits* designated chronology of Eighties American tradition* Bibliographies for every bankruptcy* Twelve black and white illustrations
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Not only did the level of trading increase, but also a whole wave of mergers and acquisitions buoyed the banking and underwriting sectors. After the depressed years of the late 1970s and early 1980s there were many companies in the US that were struggling to survive. But although their stock prices remained low they had valuable assets that were attractive to other companies. Buying these assets was a much cheaper and easier way of expanding than building a business from scratch. Such was the activity in this field that by 1987 merger activity was worth $300 billion.
In a plea bargain he admitted to half a dozen lesser charges, paid a $200 million fine, another $400 million in civil lawsuit settlements and he served just under two years in prison. At his sentencing, the judge referred to a series of letters she had received from members of the public which reflected, she said: a perception that we as a society must find those responsible for the alleged abuses of the 1980s, economic harm caused by savings and loan associations, takeover targets and those allegedly injured by the issuance of junk bonds as well as by insider trading and other alleged abuses, and punish these criminals in proportion to the losses believed to have been suffered.
Over the course of the 1980s the reputation of the visible religious Right foundered, even if it continued to be potent at grass roots level. 17 18 American Culture in the 1980s At certain moments during the early to mid-1980s the coalition between the Christian New Right and Republican and right-wing conservative politicians was powerful enough to carry through a conservative social and moral agenda. With its geographical heartlands stretching from Virginia and North Carolina in the east, through the Bible Belt of the southern states and across to the South West and to southern California, this coalition ensured that the Republican Party dropped its support for the Equal Rights Amendment (ERA), an amendment to the US constitution that would guarantee in law equal rights for men and women irrespective of gender.
American Culture in the 1980s (Twentieth Century American Culture S.) by Graham Thompson