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international conflict that was caused by Iraq's invasion on Kuwait. The UN Security Council, on November 29, approved the use of force against Iraq if it did not withdraw from Kuwait by January 15, 1991.
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Iraq troops invade Kuwait, leading to the Persian Gulf War
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Inflation Rate = 5.4%
Household Income = $28,506
GDP = $5.5T
Unemployment = 5.4%
30 Yr Mortgage Rate = 10.13% -
In 1979, the Soviets appeared invincible. However, war in Afghanistan combined with the pressures of having to keep up with the American arms buildup strained the system.
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Inflation Rate = 4.2%
Household Income = $28,875
GDP = $5.9T
Unemployment = 6.4%
30 Yr Mortgage Rate = 9.5% -
Inflation Rate = 3.0%
Household Income = $29,473
GDP = $6.3T
Unemployment = 7.3%
30 Yr Mortgage Rate = 8.4% -
Bill Clinton is inaugurated as the 42nd president
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Inflation Rate = 3.0%
Household Income = $30,210
GDP = $6.6T
Unemployment = 7.3%
30 Yr Mortgage Rate = 7.33% -
it was between the United States, Canada, and Mexico (NAFTA) came into force. NAFTA created the world's largest free trade area.
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Inflation Rate = 2.6%
Household Income = $31,338
GDP = $7.1 T
Unemployment = 6.6%
30 Yr Mortgage Rate = 8.36% -
the U.S. government was shut down as a result of a budgetary impasse between Congress and the White House. Between Bill Clinton and Republican speaker Newt Gingrich.
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Inflation Rate = 2.8%
Household Income = $33,238
GDP = $7.4 T
Unemployment = 5.6%
30 Yr Mortgage Rate = 7.96% -
Inflation Rate = 3.0%
Household Income = $34,704
GDP = $7.8 T
Unemployment = 5.6%
30 Yr Mortgage Rate = 7.81% -
Inflation Rate = 2.3%
Household Income = $36,210
GDP = $8.3 T
Unemployment = 5.3%
30 Yr Mortgage Rate = 7.6% -
Inflation Rate = 1.6 %
Household Income = $38,127
GDP = $8.7 T
Unemployment = 4.6 %
30 Yr Mortgage Rate = 6.94 % -
Inflation Rate = 2.2%
Household Income = $39,985
GDP = $9.3 T
Unemployment = 4.3 %
30 Yr Mortgage Rate = 7.43%
