The Eighties

The recession, which ended in 1982, left the United States with relatively high interest rates. The U.S. was spending far more than it was collecting in taxes, and as a result, borrowing heavily from other nations. In the mid-eighties, big business ruled the ideals. Materialism hit its peak, and yuppies (the young, upwardly mobile set) were living it up by night and getting fit by day.