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The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.
July 1990 marked the end of what was at the time the longest peacetime economic expansion in U.S. history. [2] [5] Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a declining unemployment rate. The Labor Department estimates that as a result of the recession, the economy shed 1.623 million jobs or 1.3% ...
What growth occurred was unevenly distributed; roughly half of GDP growth from 2009 to 2015 went to the top 1% of households. [16] Unlike every previous post-war expansion, GDP growth remained under 3% for every calendar year. [17] Global growth would peak in 2017, resulting in a major synchronized slowdown that started in 2018.
The U.S. economy boomed in the enthusiasm for high-technology industries in the 1990s until the Nasdaq crashed as the dot-com bubble burst and the early 2000s recession marked the end of the sustained economic growth. In 2000, Republican George W. Bush was elected president in one of the closest elections in U.S. history.
Forget the gloom of the 1970s—UBS thinks the U.S. economy is headed back to a Clinton-like era of the bustling 1990s Eleanor Pringle November 14, 2023 at 4:30 AM
2001 — Economic Growth and Tax Relief Reconciliation Act of 2001 institutes large tax cuts. 2001 — September 11 attacks; 19 terrorists take four planes and crash them into the World Trade Center, the Pentagon, and a field in Shanksville, Pennsylvania killing nearly 3,000 people and injuring over 6,000. All civilian air traffic is suspended ...
After expanding at a red-hot 4.9%, all signs point to further, albeit slower, growth for the U.S. economy in the election year.
The 1990s (often referred and shortened to as "the '90s" or "the Nineties") was the decade that began on 1 January 1990, and ended on 31 December 1999. Known as the " post-Cold War decade ", the 1990s were culturally imagined as the period from the Revolutions of 1989 until the September 11 attacks in 2001. [ 1 ]