Early 1980s recession in the context of "Cultural impact of Michael Jackson"

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⭐ Core Definition: Early 1980s recession

The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, the US savings and loan crisis, and a general adoption of neoliberal economic policies throughout the 1990s. It is widely considered to have been the most severe recession since World War II until the 2008 financial crisis.

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👉 Early 1980s recession in the context of Cultural impact of Michael Jackson

American singer Michael Jackson is widely regarded as one of the most culturally significant figures of the 20th century. Often considered the greatest entertainer of all time, Jackson broke racial barriers in the United States and profoundly influenced the evolution of pop music, earning him the title of "King of Pop". He is one of the best-selling music artists in history, having sold over 500 million records worldwide. His unparalleled success spans multiple decades, with numerous albums that rank amongst the best-selling of all time, such as Off the Wall (1979), Thriller (1982), Bad (1987), Dangerous (1991), and HIStory - PAST, PRESENT AND FUTURE - BOOK I (1995); Thriller remains the best-selling album in history. Guinness World Records named him the most successful entertainer of all time. His achievements in the 1980s helped desegregation of popular music in the United States and introduced an era of multiculturalism globally. Through his dance, fashion and redefinition of music videos, Jackson proliferated visual performance for musical artists. Credited for influencing hundreds of musicians, his songs are among the most covered and sampled in music history. His influence extended to inspiring a vast array of trends and raising awareness for social causes around the world; as a result, Jackson is widely regarded as one of the most famous figures in history. Before he died, Jackson was received by over 30 world leaders. Jackson's global brand resulted in celebrity products and commemorations such as video games, documentaries, and monuments.

Popularity of Michael Jackson began as a child star in the 1960s, his introduction as the lead singer of the Jackson 5, a band formed with his older brothers. The group was recognized by U.S. Congress for their contribution to American youth culture, and Jackson was embraced by the American public to a degree not afforded a child star since the height of Shirley Temple in the 1930s. In the early 1980s, Jackson became a dominant figure in popular culture and the first African-American entertainer to have a strong crossover fanbase on music television. As he became a rising solo star, his music videos, including those for "Beat It", "Billie Jean", and "Thriller" from his album Thriller (1982), are credited with breaking several racial barriers both in the United States and worldwide, transforming the medium into an art form and promotional tool. The popularity of these videos helped bring the television channel MTV to fame. Prior to Thriller, timely layoffs were occurring for radio and music record companies, who both suffered during a four year unemployment high between 1978 and 1982 due to the early 1980s recession. Jackson's world record sales and achievements are credited with revolutionizing the music industry by initiating marketing plans on blockbuster albums with an emphasis on video presentation focus going forward.

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Early 1980s recession in the context of West Bromwich

West Bromwich (/ˈbrɒmɪ/ BROM-itch), commonly known as West Brom, is a market town in the borough of Sandwell, in the county of the West Midlands, England. Historically part of Staffordshire, it is 7 miles (11 kilometres) northwest of Birmingham. West Bromwich is part of the area known as the Black Country, in terms of geography, cultures and dialect. West Bromwich had a population of 103,112 in the 2021 Census.

Initially a rural village, West Bromwich's growth corresponded with that of the Industrial Revolution, owing to the area's natural richness in ironstone and coal, as well as its proximity to canals and railway branches. It led to the town becoming a centre for coal mining, brick making, the iron industry and metal trades such as nails, springs and guns. The town's primary economy developed into the engineering, manufacturing and the automotive industry through the early 20th century. During the Second World War, West Bromwich experienced bombing from the German Luftwaffe. It also suffered heavily during recessions in the mid 1970s, early 1980s and late 2000s.

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Early 1980s recession in the context of 1979 energy crisis

The 1979 oil crisis, sometimes referred to as the second oil crisis (in reference to the 1973 oil crisis), refers to the drop in oil production in the aftermath of the Iranian Revolution led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m). The sudden increase in price was connected with fuel shortages similar to the 1973 oil crisis.

In 1980, following the onset of the Iran–Iraq War, oil production in Iran fell drastically. Iraq's oil production also dropped significantly, triggering economic recessions worldwide. Oil prices did not return to pre-crisis levels until the mid-1980s.

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Early 1980s recession in the context of Second Van Agt cabinet

The second Van Agt cabinet was the executive branch of the Dutch Government from 11 September 1981 until 29 May 1982. The cabinet was formed by the christian-democratic Christian Democratic Appeal (CDA), the social-democratic Labour Party (PvdA) and the social-liberal Democrats 66 (D'66) after the election of 1981. The cabinet was a Centre-left grand coalition and had a substantial majority in the House of Representatives with Christian-Democratic Leader Dries van Agt serving as Prime Minister. Former Labour Prime Minister Joop den Uyl the Labour Leader served as Deputy Prime Minister, Minister of Social Affairs and Employment and was given the portfolio of Netherlands Antilles Affairs, Progressive-Liberal Leader Jan Terlouw served as Deputy Prime Minister and Minister of Economic Affairs.

The cabinet served in the early years of the turbulent 1980s. Domestically it had to deal with the 1980s recession and a growing inflation but it was able to implement a major social reform to social security. The cabinet suffered several major internal conflicts between the cabinet members of the Christian Democratic Appeal and the Labour Party, especially the poor working relationship between Prime Minister Van Agt and Deputy Prime Minister Den Uyl which lead to the fall of the cabinet just 243 days into its term on 12 May 1982 with the Labour Party cabinet members resigning on 29 May 1982 and the cabinet was replaced with the caretaker Third Van Agt cabinet.

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Early 1980s recession in the context of Third Van Agt cabinet

The third Van Agt cabinet was the executive branch of the Dutch Government from 29 May 1982 until 4 November 1982. The cabinet was formed by the Christian-democratic Christian Democratic Appeal (CDA) and the social-liberal Democrats 66 (D'66) after the fall of the previous Cabinet Van Agt II. The caretaker rump cabinet was a centrist coalition and had a minority in the House of Representatives with Christian Democratic Leader Dries van Agt continuing as Prime Minister and dual served as Minister of Foreign Affairs. Progressive-Liberal Leader Jan Terlouw continued as Deputy Prime Minister and Minister of Economic Affairs from previous cabinet.

The cabinet served in the early years of the economic expansion of the 1980s. Domestically its primary objective was to make preparations for a snap election in 1982, and it had to deal with a growing inflation following the recession in the 1980s and the Cent was removed as an active currency. Following the election the cabinet continued in a demissionary capacity until it was replaced by the First Lubbers cabinet.

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Early 1980s recession in the context of 1983 United Kingdom general election

The 1983 United Kingdom general election was held on Thursday 9 June 1983. It gave the Conservative Party under the leadership of Margaret Thatcher the most decisive election victory since that of the Labour Party in 1945, with a majority of 144 seats and the first of two consecutive landslide victories.

Thatcher's first term as Prime Minister had not been an easy time. Unemployment increased during the first three years of her premiership and the economy went through a recession. However, the British victory in the Falklands War led to a recovery of her personal popularity, and economic growth had begun to resume.

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