Speed-the-Plow | Historical Context
Like much of the 1980s, American society in 1988 was consumed with the ideas of success and image, the bigger the better. By 1988, there were 1.3 million millionaires living in the United States. This number included 50 billionaires. (By comparison, when adjusting for inflation, there were only 180,000 millionaires in the United States in 1972.) Because of an economy that saw vast growth during the 1970s, at least on the upper end of the economic scale, many people wanted to display their newfound wealth with high-end status items. Both Bobby Gould and Charlie Fox in...
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