1990's Economy By pemmunch Jan 20, 1989 George H. W. Bush's Presidential Term Begins 1990 Recession Begins Aug 2, 1990 Gulf War a sudden increase on gas prices 1991 Recession Ends 1991 Economic Boom unemployment and inflation was low. Aug 6, 1991 The World Wide Web It became available to the public Dec 26, 1991 The Soviet Union Dissolves Jan 20, 1993 George H. W. Bush's Presidential Term Ends Jan 20, 1993 Bill Clinton's Presidential Term Begins Jan 1, 1994 North American Free Trade Agreement 1995 Dot-Com Bubble 1996 Personal Responsibility and Work Opportunity Act Encouraged people to join a work force and increased productivity.