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A new policy enforced by the federal reserve lead to a small deflation in the economy. However, in retaliation more jobs were opened up leading to a pattern of increasing employment spanding all of the 90's
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Ending the gulf war against Iraq, America's allies agreed to pay off all war debt. In the end they payed America 54 billion, which turned out to be 33 billion dollars more than the standard profit made
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Not much to say here, the world wide web was released connecting everybody through the internet
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Cold war ends. This means that the can recover their economy from all of the war debt, america no longer has to help pay allies
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After a police officer beat a motorcyclist named Rodney King, LA erupted in anger causing riots that delt over a billion dollars in damage.
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A massive hurricane in florida kills 65 people and causes up to 26 billion dollars in damage, was the most expensive storm in US history until hurricane Katrina
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Massive flooding along the Mississippi and Missouri rivers kills 50 people due to flash floods and deals anywhere in between 15-20 billion dollars in damage
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President clinton vetoed the spending bill and spent too much money, the federal government had to shut down for a few months in response
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Sparked by a global economic crisis scare, the Dow Jones Industrial Average follows world markets and plummets 554.26, or 7.18%, to 7,161.15. this means that the worlds economy plunged several points during this time
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A massive tornado storm breaks out in Oklahoma, kills 60 and deals 1 billion dollars in damage