Business Project

By KAI12

  • Recession Begins

    A mild recession starts because of a restrictive monetary policy and the 1989 savings and loan crisis.

  • Oil Price Shock

    Oil prices are driven up due to the invasion of Iraq in Kuwait. This deepens the recession.

  • Recession Ends

    The recession is over, but there is still high unemployment rates.

  • Unemployment Peaks

    Unemployment peaks at 7.8%.

  • Bill Clinton is Elected

    Bill Clinton is elected and his focus is improving the economy.

  • Slow Recovery from the Recession Continues

    GDP growth improves, but high unemployment and low consumer confidence persists, leading to no overall economic growth.

  • Federal Reserve Raises Interest Rates

    To combat inflation, the government raises interest rates seven times.

  • Stock Market Begins Rapidly Growing

    Consumer confidence in economic policies and technological advances drives investing into the stock market.

  • Strong GDP

    The USA has a very low unemployment and inflation rate, making them one of the strongest economies in the world.

  • USA Budget Surplus

    For the first time since 1969, the USA doesn't have any debt.