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Period: to
Good Old Days
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Period: to
Expansion is occurring
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General Motors shut down a plant and 2,600 employees were left without a job.
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The 1992 inflation averaged at 3.0%
This trend continues through 1993. -
Omnibus Budget Reconciliation act is signed by Pres. Clinton
This act raised tax on the upper class to 39%. -
Bill Clinton becomes President of the United States of America
The winner of the Democratic primary defeated George H. W. Bush in the race for the presidency. Clinton's economic goals focused on equally redistributing American wealth. -
Discount Rate is 3.00
This is the lowest of the time period -
NAFTA is passed
This law prevents tariffs on trade between Canada, the USA, and Mexico. It was signed by president Bill Clinton and went in to act on 1/1/1994. -
Period: to
Rwandan Genocide
The genocide did not only cost 800,000 lives, but it also deeply hurt the American economy. -
Consumer Confidence Index is 100.92
This is the highest of the time period -
Unemployment is at 5.6%.
This is the first time in this time period it is reported at below 6%. -
World Trade Organization was developed
Led to increase of money flow -
Consumer Price index is 160.5
This is the highest of the period. -
Gross Domestic Product steadily grows from 6,539,300M.$ to 8,608,500M.$
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The GDP per capita started at $31,572.95 in 1997.
This was the highest of the period -
Unemployment is at 4.9%
This is the lowest of the period -
Inflation drops to 1.7% for the month.
This is the lowest month in the period
