Portal:1980s

The 1980s portal

The 1980s (pronounced "nineteen-eighties", shortened to "the '80s" or "the Eighties") was a decade that began on January 1, 1980, and ended on December 31, 1989.

The decade saw a dominance of conservatism and free market economics, and a socioeconomic change due to advances in technology and a worldwide move away from planned economies and towards laissez-faire capitalism compared to the 1970s. As economic deconstruction increased in the developed world, multiple multinational corporations associated with the manufacturing industry relocated into Thailand, Mexico, South Korea, Taiwan, and China. Japan and West Germany saw large economic growth during this decade. The AIDS epidemic became recognized in the 1980s and has since killed an estimated 40.4 million people (). Global warming theory began to spread within the scientific and political community in the 1980s.

The United Kingdom and the United States moved closer to supply-side economic policies, beginning a trend towards global instability of international trade that would pick up more steam in the following decade as the fall of the USSR made right-wing economic policy more powerful.

The final decade of the Cold War opened with the US-Soviet confrontation continuing largely without any interruption. Superpower tensions escalated rapidly as President Reagan scrapped the policy of détente and adopted a new, much more aggressive stance on the Soviet Union. The world came perilously close to nuclear war for the first time since the Cuban Missile Crisis in 1962, but the second half of the decade saw a dramatic easing of superpower tensions and ultimately the total collapse of Soviet communism.

Developing countries across the world faced economic and social difficulties as they suffered from multiple debt crises in the 1980s, requiring many of these countries to apply for financial assistance from the International Monetary Fund (IMF) and the World Bank. Ethiopia witnessed widespread famine in the mid-1980s during the corrupt rule of Mengistu Haile Mariam, resulting in the country having to depend on foreign aid to provide food to its population and worldwide efforts to address and raise money to help Ethiopians, such as the Live Aid concert in 1985.

Major civil discontent and violence occurred, including the Angolan Civil War, the Ethiopian Civil War, the Moro conflict, the Salvadoran Civil War, the Ugandan Bush War, the insurgency in Laos, the Iran–Iraq War, the Soviet–Afghan War, the 1982 Lebanon War, the Falklands War, the Second Sudanese Civil War, the Lord's Resistance Army insurgency, and the First Nagorno-Karabakh War. Islamism became a powerful political force in the 1980s and many jihadist organizations, including Al Qaeda, were set up.

By 1986, nationalism was making a comeback in the Eastern Bloc, and the desire for democracy in socialist states, combined with economic recession, resulted in Mikhail Gorbachev's glasnost and perestroika, which reduced Communist Party power, legalized dissent and sanctioned limited forms of capitalism such as joint ventures with companies from capitalist countries. After tension for most of the decade, by 1988 relations between the communist and capitalist blocs had improved significantly and the Soviet Union was increasingly unwilling to defend its governments in satellite states.

1989 brought the overthrow and attempted overthrow of a number of governments led by communist parties, such as in Hungary, the Tiananmen Square protests of 1989 in China, the Czechoslovak "Velvet Revolution", Erich Honecker's East German regime, Poland's Soviet-backed government, and the violent overthrow of the Nicolae Ceaușescu regime in Romania. Destruction of the 155-km Berlin Wall, at the end of the decade, signaled a seismic geopolitical shift. The Cold War ended in the early 1990s with the successful Reunification of Germany and the USSR's demise after the August Coup of 1991.

The 1980s was an era of tremendous population growth around the world, surpassing the 1970s and 1990s, and arguably being the largest in human history. During the 1980s, the world population grew from 4.4 to 5.3 billion people. There were approximately 1.33 billion births and 480 million deaths. Population growth was particularly rapid in a number of African, Middle Eastern, and South Asian countries during this decade, with rates of natural increase close to or exceeding 4% annually. The 1980s saw the advent of the ongoing practice of sex-selective abortion in China and India as ultrasound technology permitted parents to selectively abort baby girls.

The 1980s saw great advances in genetic and digital technology. After years of animal experimentation since 1985, the first genetic modification of 10 adult human beings took place in May 1989, a gene tagging experiment which led to the first true gene therapy implementation in September 1990. The first "designer babies", a pair of female twins, were created in a laboratory in late 1989 and born in July 1990 after being sex-selected via the controversial assisted reproductive technology procedure preimplantation genetic diagnosis. Gestational surrogacy was first performed in 1985 with the first birth in 1986, making it possible for a woman to become a biological mother without experiencing pregnancy for the first time in history.

The global internet took shape in academia by the second half of the 1980s, as well as many other computer networks of both academic and commercial use such as USENET, Fidonet, and the Bulletin Board System. By 1989, the Internet and the networks linked to it were a global system with extensive transoceanic satellite links and nodes in most developed countries. Based on earlier work, from 1980 onwards Tim Berners Lee formalized the concept of the World Wide Web by 1989. Television viewing became commonplace in the Third World, with the number of TV sets in China and India increasing by 15 and 10 times respectively.

The Atari Video Computer System console became widespread in the first part of the decade, often simply called "Atari". 1980 Atari VCS port of Space Invaders was the first killer app. The video game crash of 1983 ended the system's popularity and decimated the industry until the Nintendo Entertainment System re-established the console market in North America. The hand-held Game Boy launched in 1989. Super Mario Bros. and Tetris were the decade's best selling games. Pac-Man was the highest grossing arcade game. Home computers became commonplace. The 1981 IBM PC led to a large market for IBM PC compatibles. The 1984 release of the Macintosh popularized the WIMP style of interaction. (Full article...)

Private equity in the 1980s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.

The development of the private equity and venture capital asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. The 1980s saw the first major boom and bust cycle in private equity. The cycle which is typically marked by the 1982 acquisition of Gibson Greetings and ending just over a decade later was characterized by a dramatic surge in leveraged buyout (LBO) activity financed by junk bonds. The period culminated in the massive buyout of RJR Nabisco before the near collapse of the leveraged buyout industry in the late 1980s and early 1990s marked by the collapse of Drexel Burnham Lambert and the high-yield debt market. (Full article...)
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Did you know (auto-generated) - load new batch

  • ... that Amdek Corporation, a popular manufacturer of computer monitors in the 1980s, started out as a reseller of car radio components?
  • ... that in the 1980s, "Sherman Bonner, The Human Thermometer" presented the weather on an Arkansas TV station?
  • ... that in the 1980s, NBC was given several hundred million dollars' worth of incentives to stay at 30 Rockefeller Plaza?
  • ... that in the 1980s, New York City's St. Regis Hotel was said to have hosted every U.S. president since its opening?
  • ... that Cathie Dunsford was unable to find many books about lesbianism in the 1970s, but by the 1980s had herself become a writer and anthologist of lesbian literature?
  • ... that the educational computer games Designasaurus and UMS 1 together gained their publisher more than $5 million during 18 months in the 1980s?
  • ... that the Alexander McQueen collection Neptune drew negative reviews comparing the clothing to 1980s science fiction, Xena, and Wonder Woman?
  • ... that in 2006, U.S. figure skater Johnny Weir became the first male skater to win the U.S. Nationals three times in a row since Brian Boitano in the late 1980s?

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Mount St. Helens from the northeast.
Mount St. Helens from the northeast.
Credit: Donald A. Swanson
Mount St. Helens from the northeast.

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Collins at the O2 Arena in London, 2022

Philip David Charles Collins LVO (born 30 January 1951) is an English musician, singer, songwriter, record producer and actor. He was the drummer and later became the lead singer of the rock band Genesis and had a successful solo career, achieving three UK number-one singles and seven US number-one singles as a solo artist. In total, his work with Genesis, other artists, and solo resulted in more US top-40 singles than any other artist throughout the 1980s. His most successful singles from the period include "In the Air Tonight", "Against All Odds (Take a Look at Me Now)", "One More Night", "Sussudio", "Another Day in Paradise" and "I Wish It Would Rain Down".

Born and raised in west London, Collins began playing drums at age five. During the same period he attended drama school, which helped secure various roles as a child actor. His first major role was the Artful Dodger in the West End production of the musical Oliver!. As an accomplished professional actor by his early teens, he pivoted to pursue a music career, becoming the drummer for Genesis in 1970 at age 19. He took over the role of lead singer in 1975 following the departure of Peter Gabriel. During the second half of the 1970s, in between Genesis albums and tours, Collins was the drummer of jazz rock band Brand X. Collins began a successful solo career in the 1980s, initially inspired by his marital breakdown and love of soul music, releasing the albums Face Value (1981), Hello, I Must Be Going (1982), No Jacket Required (1985) and ...But Seriously (1989). Collins became, in the words of AllMusic, "one of the most successful pop and adult contemporary singers of the '80s and beyond". He became known for a distinctive gated reverb drum sound on many of his recordings. He played drums on the 1984 charity single "Do They Know It's Christmas?", and in July 1985, he was the only artist to perform at both Live Aid concerts. He resumed his acting career, appearing in Miami Vice and subsequently starring in the film Buster (1988). (Full article...)
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