Chapter 22 Section 3 Life in the 1980s Yuppies • The American economy had revived by 1983. • Many young brokers, speculators, and investors made multimillion-dollar deals buying and selling companies. • The value of real estate and stocks soared. • Journalists referred to these young moneymakers as yuppies, short for “young urban professionals.” Baby Boomers Building Wealth • The rapid economic growth and emphasis on accumulating wealth in the 1980s was partly caused by the baby boom (generation of people born between 1945 – 1960). • Many baby boomers were focused on getting ahead in their jobs and acquiring goods. Top Heavy Wealth • The strong economic growth, however, mostly benefited middle- and upper-class Americans. • By the mid-1990s, the top 5 percent of Americans earned well over 21 percent of the nation’s income. Discount Retailing • Businesses also found a new way to sell goods to customers. • Discount retailing, or the practice of selling large quantities of goods at low prices, had a major impact on the economy in the 1980s. • They created millions of new jobs in the 1980s. Cable T.V. • Technology changed news and entertainment. • Cable television became available in homes across the country. • Entrepreneurs helped to change broadcasting by spreading cable television and specialty channels across the country. I want my MTV • In 1981 music and technology merged, and Music Television (MTV) went on the air. Rap Music • A new style of music, called rap was introduced as a new sound during the ‘80s. • Rap offered rhythmic lyrics that often focused on the African American experience in the inner city. Video Games, Tape Players, & VCR • Early video games grew out of military computer technology. • Cassette tapes and the Sony Walkman made music portable. • VCRs allowed people to watch movies at home. Arcades • Video arcades became the new spot for young people to meet. Drug Problem • The United States dealt with many social problems during the 1980s. • Drug abuse made many city neighborhoods violent and dangerous. Spreading of Drugs • Drug use also spread from cities to small towns and rural areas. • First Lady, Nancy Reagan started the, “Just Say No” campaign. • Some schools even began searching student lockers and bags for hidden drugs. MADD • Alcohol abuse, particularly by teenagers, was another serious problem. • Young people were involved in thousands of alcohol-related accidents. • In 1980 Mothers Against Drunk Driving (MADD) was founded to find solutions to the problems of underage drinking and drunk driving. Raising the age to 21 • In 1984 Congress cut highway funds to any state that did not raise the legal drinking age to 21. – All states complied. New disease…AIDS • In 1981 researchers identified a disease that caused healthy young people to get sick and die. • The disease was called AIDS, or “Acquired Immune Deficiency Syndrome.” • It weakens the immune system. How the disease was spread… • HIV is the virus that causes AIDS. • It is spread through body fluids. • In the United States, AIDS was first seen among homosexual men, but it soon was seen in heterosexual men and women. – Some got it from blood transfusions. – Some were drug users who shared needles with infected blood. – Others were infected by sexual partners. Gay Community • AIDS increased awareness of the gay and lesbian community in the United States. • Some homosexuals had been involved in defending their civil rights since the 1960s. On June 27, 1969, New York City police raided the Stonewall Inn, a nightclub. Stonewall Riots • The police had often raided the club because of its clients’ sexuality. • On this night, gays’ and lesbians’ frustration with the police actions peaked. They rioted. Start of the Gay Liberation Movement • The Stonewall riot was the beginning of the Gay Liberation Movement. • The movement tried to increase acceptance of homosexuality. Band Aid • In the 1980s, many singers and other entertainers took up social causes. • In 1984 Irish musician Bob Geldof organized musicians in England to put on benefit concerts called “Band Aid” to help starving people in Ethiopia. Farm Aid • Country singer Willie Nelson organized Farm Aid, benefit concerts to help American farmers going through hard times. Older Voting Group • Senior citizens became an influential interest group in the 1980s because they tended to vote in large numbers. • With new medical technology, more Americans were living to an older age. • The birthrate had also declined. • That meant younger people made up a smaller proportion of the population. What Seniors were fighting for • More Americans were receiving Social Security payments, which created budget pressures for the government. • Older Americans became more active in politics. • They opposed cuts by the government to Social Security or Medicare. • Because they voted in large numbers, they were an influential group. AARP • An organization that was formed in 1958 with the goal of fighting for the rights of people over the age of 50 was the American Association of Retired Persons (AARP).