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Associated w/ low taxes and free market activity
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Trade deficit hit a record high, and stock market crashed that same autumn.
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As a result from fraud regarding "penny stocks" (stocks that trade for less than a dollar), the SEC established this task force to combat the great Penny Stock Scandal era of the 1980s.
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Killed up to 17,000, and was the costliest drought in U.S. history. Crop yield was low and many economies suffered.
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The United States took Kuwait's side when Iraqi troops invaded it for oil purposes. The Gulf War began, and the subsequent war between the U.S. and Iraq leads to higher oil prices, reduced consumption, and declining demand.
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Largest recession since early 1980s, mainly due to the business cycle and restrictive monetary policy.
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The internet was made open to public use in 1991. This would set the basis for a new job, opportunity, and selling market for many Americans and global citizens.
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NAFTA was signed in 1994, opening the door for increased regional and cross-American trade between Mexico and Canada. Aimed to boost trade, reduce tariffs, and eliminate barriers.
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The economic boom of 1990s caused 1994 peak… GDP growth was 4.11%, 3.8 million jobs created (more than any other time in the 90's), deficit reduced
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The World Trade organization was established in 1995. Aims to create free market trade globally, enforce quality standards, and increase economic transparency in countries.