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Black Monday
U.S. markets fall more than 20% in a single day. It is thought that the cause of the crash was precipitated by computer program-driven trading models that followed a portfolio insurance strategy as well as investor panic -
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Black Friday
Caused by a reaction to a news story of the breakdown of a $6.75 billion leveraged buyout deal for UAL Corporation, the parent company of United Airlines. -
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Steady pace
The gross domestic product grew at a slow and erratic pace -
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Inflation
Inflation and unemployment were low and strong growth coincided. -
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A pause in growth
A pause in economic growth occurred because the Federal Reserve raised interest rates from 3% to 6% beginning in late 1994 to prevent inflation from rising after such rapid growth along with two government shutdowns that slowed the economy. -
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Slow growth
Low inflation, and about the same level of unemployment. GDP purchasing power parity - $7.61 trillion (1996 est.) GDP - real growth rate 2.4% (1996 est.) GDP - per capita purchasing power parity - $28,600 -
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Speedy growth
U.S. GDP growth was steadily accelerating. The nine-month average GDP growth was a significantly higher 3.8%. And the growth in 1999 was a continuation of a trend that the economy had been experiencing for the past few years. -
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Economy recession
The 2001 recession was an eight-month economic downturn that began in March and lasted through November. 1 While the economy recovered in the fourth quarter of that year, the impact lingered and the national unemployment continued to climb, reaching 6% in June 2003.