Yuppies of 1984, Los Angeles, dollar bills, consumerism, and cars.

In 1984, the yuppie culture emerged, characterized by young urban professionals who significantly impacted the economy by controlling a large portion of disposable income. They preferred luxury items, including designer clothes and exotic cars, leading to a rise in the popularity of efficient imported cars. US automakers faced challenges in competing with Japanese and German imports, as their models lacked appeal. Despite lower gas prices due to an oil glut, American consumers remained skeptical of domestic cars, resulting in record losses for companies like Ford and Chrysler.

What age group was referred to as 'yuppies' in 1984?

• 18 to 24 years old

• 35 to 44 years old

• 25 to 34 years old

• 45 to 54 years old

What was a key characteristic of the yuppies' lifestyle?

• Preference for luxury items

• Frugality and saving

• Interest in rural living

• Focus on family life

Which types of cars became the top sellers in America during the 1980s?

• Luxury SUVs

• Domestic sedans

• Electric vehicles

• Efficient imports

How did U.S. automakers initially respond to the popularity of imported cars?

• They focused on electric vehicle development

• They were slow to respond and played catch up

• They ignored the trend completely

• They quickly adapted and led the market

What was a consequence of the global oil surplus in the early 1980s?

• Stability in gas prices

• Increase in gas prices

• Fluctuation in gas prices

• Decrease in gas prices