Historical Context- English IV Project By Calis_Firmest Jan 17, 1995 Earthquake, meausring 7.2 on the Richter scale, hits Kobe, Japan Period: Jan 17, 1995 to Dec 31, 2000 Chronology of Significant Events Jan 31, 1995 Clinton Administration announced a program of loans and currency swaps to prop up the Mexican peso. Feb 12, 1995 Federal funds rates raised from 5.5 percent to 6 percent Feb 24, 1995 Dow Jones industrial average closed above 400 for the first time Jan 25, 1996 Wells Fargo & Co. will merge wit First Interstate Bancorp Apr 23, 1996 Bell Atlantic and Nynex agree to merge Sep 5, 1996 Hurricane Fran hits Carolina coast Jan 15, 1997 Mexico announced tha it will repay U.S. laon three years ahead of schedule Jan 29, 1997 U.S. Treasury issues the first $7 billion in 10-year inflation-indexed notes Jul 1, 1997 China regained sovereignity over Hong Kong Jun 12, 1998 California's unemployment rate fell in May to its lowest level in nearly 8 years Aug 17, 1998 Golden State Bancorp and California Federal bank agreed to merge Dec 1, 1998 Exxon and Mobil comfirmed their plan to merge, creating the world's larget oil producer Dec 2, 1998 NEC Electronics lay off about 400 workers or 13% of its U.S. workforce Jun 10, 1999 Japan's economy grew 7.9% in the first quarter Jun 29, 1999 Federak funds rate raised from 4.75 to 5.00 percent Nov 30, 1999 Exxon and Mobil merger approved bu Federal regulators Dec 29, 1999 NASDAQ closed above the 4000 mark for the first time Jan 14, 2000 Dow Jones Industrials hit record high of 11,722.98 Feb 4, 2000 The nation's joblesss rate at 4% is the lowest in 3 decades Mar 10, 2000 NASDAQ hits record hig of 5,048.62
