The 1980s saw a revival of capitalism and
laissez-faire economics. Consumers became more sophisticated in their tastes (a trend begun in the '70s), and things such as European cars and designer clothing became fashionable in the US. The financial world and the stock market were glamorized in a way they had not been since the 1920s, and figures like Donald Trump and Michael Milken were widely seen as symbols of the decade. Widespread fear of Japanese economic strength would grip the United States in the '80s.
During the 1980s, for the first time in world history, transpacific trade (with East Asia, such as China, and Latin America, primarily with Mexico) equaled that of transatlantic trade (with Western Europe or with neighboring Canada). Solidifying American economic power.
The 1990s saw combination of factors including the mass mobilization of capital markets through neoliberalism, the beginning of the widespread proliferation of new media such as the Internet, and the dissolution of the Soviet Union led to a realignment and reconsolidation of economic and political power across the world, and within countries. The 1990s is often considered the end of Modernity and the dawn of the current Postmodern age. Suburbia Domination.