The Roaring 1980s (Swedish: Glada 1980-talet) is the name of the economic boom in Sweden during the mid-late 1980s.
Background
The years after the 1973 oil crisis was a time of economic recession. In October 1982 a devaluation of the Swedish currency was done.[1] On 21 November 1985, the credit market became free.[2] and the international economic boom that had begun spread into Sweden.
Trends
A yuppie culture developed at the Stockholm Stock Exchange. Mobile telephones were also known by the popular nickname "yuppienalle". ("Yuppie's teddy bear")[3] The term finansvalp ("finance puppy") was common when referring to young businessmen. The contemporary yuppie culture was criticized by, among others, Stig Malm in his 1987 First of May speech.[4]
Buying and selling art also became popular within the world of businesses.[5]
Culture and other entertainment
The Stockholm Globe Arena was built between 1986-1988 and opened in 1989. It has been described as an expression of the contemporary optimism for the future.[6] Several summer parks opened during this period.[7]
Popular culture
The 1993 Magnus Uggla song Mitt decennium describes the phenomena.[8]