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A mild recession starts because of a restrictive monetary policy and the 1989 savings and loan crisis.
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Oil prices are driven up due to the invasion of Iraq in Kuwait. This deepens the recession.
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The recession is over, but there is still high unemployment rates.
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Unemployment peaks at 7.8%.
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Bill Clinton is elected and his focus is improving the economy.
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GDP growth improves, but high unemployment and low consumer confidence persists, leading to no overall economic growth.
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To combat inflation, the government raises interest rates seven times.
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Consumer confidence in economic policies and technological advances drives investing into the stock market.
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The USA has a very low unemployment and inflation rate, making them one of the strongest economies in the world.
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For the first time since 1969, the USA doesn't have any debt.
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