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disaster
The Mt. St. Helens volcano, in Washington State, erupts, causing nearly 3 billion in losses & destruction in surrounding areas -
tax cut
Tax cut legislation is passed by both houses of the U.S. Congress reduced taxes by $750 billion over the next five years. -
Recession
A deep recession struck america , hitting almost all sections of the country. Real gross national product (GNP) fell by 2.5 percent, and the unemployment rate rose above 10 percent -
inflation
Inflation rate rose from 3 to 5 percent -
inflation rate
inflation rate fell from a devastating high of 13.5% -
stock market crash
The stock market crashed, recording a record 22.6% drop in one day. -
labor growth
the Labor Department indicated a growth rate of 3.8% -
bailout
The Savings and Loan Bailout is approved by Congress and signed into law. The total cost of the bill was around $400 billion over a thirty year period. -
unemployment down
unemployment rate drops to 5.3% -
debt
the national debt had reached an all time high of 3.7 trillion