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Savings and loan crisis in the late 1980s lead to a small recession and little economic growth. GDP grew at an annual rate of 2.4% per year. After this, implementation of economic policies such as Clintonomics lead to a recovery of the economy.
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An invasion of Kuwait by Iraq lead conflict in the region and lead to a spike in oil prices due to the fact that the two main countries involved, Kuwait and Iraq, were oil rich countries.
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Signing of the North American Free Trade Agreement, between the USA, Canada, Mexico. Allows for more open trade between the three countries.
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Combined both liberal and conservative economic policies, aiming to make the US economy more efficiant. Clintonomics was very effective, and lead to lots of economic growth over his presidency.
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This act increased taxes and decreased government spending to attempt to reduce the government trade deficit.
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GDP growth expanded to 4.3% per year, lead by a boom in the computer industry.
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In 1999, over 3 million jobs were created and GDP grew by almost 5%.
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As a result of almost a decade of positive economic policies aimed at reducing the national deficit, the US federal government ended up with a 236.4 billion dollar surplus in 2000, the largest surplus in US history.
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Spending on military post 9/11 and during the War on Terror lead to a large US debt and a negative impact on the US economy
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Over investment in internet companies lead to a bubble known as the Dot com Bubble. By the end of 2001, the bubble burst, causing many online companies to be shut down.