Economic Events through 1993-2005

  • 12 member European Economic Community set up vast free trade zone

    12 member European Economic Community set up vast free trade zone
    This event, althought it didn't affect America, was still important. This event happened on the first day of the new year and was foretelling for howe european trade would go in 1993.
  • US officially backs peace plan in Bosnia

    US officially backs peace plan in Bosnia
    US officially backed the peace plan in Bosnia. This approval from the US made sure that the US would not have to be involved in the conflict that was growing in Bosnia.
  • Bombing of the World Trade Center

    Bombing of the World Trade Center
    The February 1993 bombing of the World Trade Center in New York City marked the beginning of an ugly new phase of terrorism involving the indiscriminate killing of civilians.The World Trade Center bombing was motivated by the desire to kill as many people as possible. The target of the bomb plot was the World Trade Center (WTC) complex, a sixteen-acre site in lower Manhattan... Although the explosion killed six people and injured more than 1,000 the consequences could have been far worse.
  • Police officers found guilty of violating Rodney Kings civil rights

    Police officers found guilty of violating Rodney Kings civil rights
    The verdict was read on the 1991 beating of Rodney King. The Rodney King beating led to major riots all thoughout 1992. This verdict helped calm the streets of LA and peaceefulness was able to be resumed. LA is a major economic city in the US, and it was good to have the city back to normal.
  • Dow Jones closes above 3,500 for 1st time (3,500.03)

    Dow Jones closes above 3,500 for 1st time (3,500.03)
    This event was just further proof for Americans of how strong the economy was. The Nasdaq and the Dow Jones were both booming and this led to an increase of confidence to invest in the stock market.
  • NAFTA Passes

    NAFTA Passes
    NAFTA is the North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that has been in effect since 1 January 1994. The agreement was designed to increase trade among the three nations by reducing or eliminating restrictions on commerce, such as tariffs and import quotas.
  • Campbell v. Acuff-Rose Music,

    Campbell v. Acuff-Rose Music,
    The Supreme Court of the United States rules in Campbell v. Acuff-Rose Music, Inc.that parodies of an original work are generally covered by the doctrine of fair use. This event would have a huge effect in the future.
  • MLB Strike

    MLB Strike
    MLB offically cancels the 1994-1995 season. This event is predicted to cost the MLB 750 million dollars. Also, it affected everyone associated with the MLB very negatively.
  • Assault Weapons Ban

    Assault Weapons Ban
    President Clinton signs the assault weapons ban. This affects gun sales in a major way. 35% of all gun sales up to this point were considered assault weapons.
  • first conference devoted entirely to the subject of the commercial potential of the World Wide Web opens

    first conference devoted entirely to the subject of the commercial potential of the World Wide Web opens
    The first conference devoted entirely to the potential of the world wide web is held. One of the first times where people and businessmen realize the potential power of the internet.
  • Planned exchange rate correction of the Mexican Peso to the US Dollar

    Planned exchange rate correction of the Mexican Peso to the US Dollar
    This event becomes a massive financial meltdown in Mexico, unleashing the 'Tequila' effect on global financial markets. This prompts a US$ 50 billion 'bailout' by the Clinton Administration.
  • WTO Replaces GATT

    WTO Replaces GATT
    The World Trade Organization replaces the General Agreement of Tariffs and Taxes as the organization that intends to supervise and liberalize international trade.
  • Dow Jones Booming

    Dow Jones Booming
    The Dow Jones Industrial Average gains 30.28 to close at 4,003.33 – the Dow's first ever close above 4,000..... The American Economy is BOOMING!
  • Yahoo is founded

    Yahoo is founded
    Yahoo is founded, by Jerry Yang and David Fihlo becoming the first search engine ever.
  • Oklahoma City Bombing

    Oklahoma City Bombing
    Timothy McVeigh sets off bombs in Oklahoma City killing over 160 people and causing more than 650 million dollars in damage.
  • Nasdaq above 1,000

    Nasdaq above 1,000
    The Nasdaq Composite index closes above the 1,000 mark for the first time.
  • Microsoft releases Windows 95

    Microsoft releases Windows 95
    Microsoft releases Windows 95. Windows 95 was a major success in the marketplace at launch and shortly became the most popular desktop operating system. It also introduced numerous functions and features that were featured in later Windows versions, such as the taskbar, the 'Start' button, and the way the user navigates
  • eBay is created

    eBay is created
    eBay is created. eBay makes is easier to shop online and is still today one of the most visited websites in the world.
  • Toy Story

    Toy Story
    Toy Story is released, becoming the first ever full length computer animated feature film.
  • Nintendo 64 is released

    Nintendo 64 is released
    The first console in the Nintendo gaming franchise is released. Considered a major breakthrough in video games.
  • 1996 Summer Olympics

    1996 Summer Olympics
    1996 Summer Olympics begin in Atlanta. Atlanta sees a major rise in tourism.
  • Steve Jobs' company NeXT is bought by Apple Computer

     Steve Jobs' company NeXT is bought by Apple Computer
    Steve Jobs' company NeXt is bought by Apple Computer. Apple computer company would then grow into a giant in the upcoming years.
  • Shares, Shares and More Shares

    Shares, Shares and More Shares
    The Dow Jones Industrial Average gains a record 337.17 points, closing at 7,498.32. One billion shares are traded on the New York Stock Exchange for the first time ever.
  • Resolution 71

     Resolution 71
    The United States Senate passes Resolution 71, urging U.S. President Bill Clinton to "take all necessary and appropriate actions to respond to the threat posed by Iraq's refusal to end its weapons of mass destruction programs.
  • Windows 98

    Windows 98
    Microsoft releases Windows 98. To this day, it is still the highest grossing Windows of all time.
  • 1998 U.S. embassy bombings

    1998 U.S. embassy bombings
    The bombings of the United States embassies in Dar es Salaam, Tanzania, and Nairobi, Kenya, kill 224 people and injure over 4,500; they are linked to terrorist Osama Bin Laden, an exile of Saudi Arabia.
  • Google is founded

    Google is founded
    Google, Inc. is founded in Menlo Park, California, by Stanford University PhD candidates Larry Page and Sergey Brin. It remains the worlds largest search engine.
  • President Clinton Acquitted

    President Clinton Acquitted
    President Clinton is aquitted in his impeachment proceedings in the US sneate. The US can now get back to business.
  • Y2K

    Y2K
    Y2K consumed not just the nation, but the wholeworld. The computer industry went into a frenzy as many people worried if their computer would adjust to the new millenium.
  • Largest-ever corporate Merger

    Largest-ever corporate Merger
    America Online announces an agreement to purchase Time Warner for $162 billion (the largest-ever corporate merger).
  • Hanging Chad

    Hanging Chad
    The U.S. Supreme Court stops the Florida presidential recount, effectively giving the state, and the Presidency, to George W. Bush.
  • Bush Tax Cats

    Bush Tax Cats
    George W. Bush signs the Economic Growth and Tax Relief Reconciliation Act of 2001, the first tax cut of a series now known as the Bush tax cuts.
  • 9/11

    9/11
    2,996 people are killed in the September 11 attacks at the World Trade Center in New York City, the Pentagon in Arlington, Virginia and in rural Shanksville, Pennsylvania after American Airlines Flight 11 and United Airlines Flight 175 are hijacked and crash into the World Trade Center's Twin Towers. Panic spreads throughout the US like an epidemic. Airports are closed down!
  • The Ipod

    The Ipod
    The iPod was first introduced by Apple. The Ipod later becomes one of Apple's best products.
  • Patriot Act

    Patriot Act
    President Bush signs the Patriot Act into law. The act, as a response to the terrorist attacks of September 11th, significantly reduced restrictions in law enforcement agencies' gathering of intelligence within the United States; expanded the Secretary of the Treasury’s authority to regulate financial transactions, particularly those involving foreign individuals and entities; and broadened the discretion of law enforcement and immigration authorities in detaining and deporting immigrants suspe
  • Income Tax

    Income Tax
    The corporate income tax was reduced from 30 per
    cent to 18 per cent.
  • 2002 Olympics

    2002 Olympics
    The 2002 Winter Olympics are held in Salt Lake City, Utah.
  • Invasion of Afghanistan

    Invasion of Afghanistan
    U.S. invasion of Afghanistan: In eastern Afghanistan, Operation Anaconda begins.
  • Homeland Security

    Homeland Security
    U.S. President George W. Bush signs the Homeland Security Act into law, establishing the Department of Homeland Security, in the largest U.S. government reorganization since the creation of the Department of Defense in 1947,
  • Benefits

    Benefits
    Social security and unemployment benefits increased by 3.2 per cent.
  • Child Benefits

    Child Benefits
    Child benefits increased by 2.75 %
  • The Iraq War Begins

    The Iraq War Begins
    The Iraq War begins with the invasion of Iraq by the US and allied forces. This War would end up hurting the US economy immensly.
  • Good-bye Saddam

    Good-bye Saddam
    US. forces seize control of Baghdad, ending the regime of Saddam Hussein.
  • Human Genome

    Human Genome
    The Human Genome Project is completed, with 99% of the human genome sequenced to 99.99% accuracy.
  • The Facebook

    The Facebook
    Creator Mark Zuckerburg launches Facebook. In over 5 years, it becomes one of the most popular social media sites ever,
  • Bank Base Rate

    Bank Base Rate
    On June 1st the Central Bank announced an increase in its base rate of 0.25 per cent to 5.75 per cent, effective as of June 8th
    .
  • I'm Back

    I'm Back
    President Bush wins re-election by defeating Senator John Kerry. Many people found this oustanding considering how poorly the economy had been doing while Bush was in office.
  • George W. Bush

    George W. Bush
    George W. Bush is inaugurated in Washington, D.C. for his second term as the 43rd President of the United States.
  • We Now Have Youtube!

    We Now Have Youtube!
    YouTube, the most popular video sharing website, is founded.
  • Hurricane Katrina

    Hurricane Katrina
    Hurricane Katrina makes landfall along the U.S. Gulf Coast causing severe damage. At least 1,836 die in the aftermath.