By Graham Thompson
This publication appears to be like past the typical label of 'Ronald Reagan's the United States' to chart the complicated intersection of cultures within the Eighties. In doing so it offers an insightful account of the foremost cultural kinds of 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 road, 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: * targeted case reports that includes key texts, genres, writers, artists and cultural traits* specific chronology of Eighties American tradition* Bibliographies for every bankruptcy* Twelve black and white illustrations
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In February 1988 Swaggart went on air to tearfully confess his sin. The huge sums of money raised by corporate televangelists, the correspondingly opulent lifestyles they led and their pious moral statements all meant they were often subject to accusations of financial irregularity and hypocrisy. 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.
The 1980s had all of these things. Leading up to the 1980s, US stock trading was in a state of depression. Like the rest of the US economy there was little optimism and, in an economy where inflation was at historically high levels, the incentives for investment were limited. Several key developments led to a turnaround in this situation and the implementation of supplyside economic principles was at the heart of this change. 14 Volcker was charged with the task of reducing inflation and set about it by following the supply-side principle of decreasing the Federal Reserve’s money supply, increasing interests rates and reducing lending.
Through the figure of the aptly-named Gordon Gekko, Oliver Stone’s film Wall Street (1987) depicted the quick-moving and predatory nature of financial capital in the 1980s and tried to show the damaging impact on the jobs and lives of the people who worked for companies at the heart of the mergers and acquisitions frenzy. This cultural critique became all the more apposite following the stock market crash of October 1987 and a series of high-profile scandals that undermined public confidence in the opaque world of financial dealing.
American Culture in the 1980s (Twentieth Century American Culture S.) by Graham Thompson