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1994 — The United States hosts the FIFA World Cup, which is won by Brazil. 1995 — Oklahoma City bombing kills 168 and wounds 800. The bombing is the worst domestic terrorist incident in U.S. history, and the investigation results in the arrests of Timothy McVeigh and Terry Nichols.
Notably, the early 1990s recession did not have as deep a contraction as the early 1980s recession, but was of longer duration as it had four years of less than 2.3% growth in real GDP (1989–92), while the early 1980s recession only had two years of less than 2.3% growth (1980 and 1982), and only the early 1990s recession actually saw a ...
In March 1993, a massive storm, known as the "Storm of the Century" or "Superstorm" struck the Eastern Seaboard of the United States. The storm set low pressure records; produced hurricane-force winds, storm surge, and killer tornadoes in Florida; and produced snowfall up to 2 feet (61 cm) across many portions of the Eastern United States.
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% ...
Bank run on the Seamen's Savings Bank during the panic of 1857. There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute certain 19th-century recessions, [1] the consensus view among economists and historians is that "the [cyclical] volatility of GNP and unemployment was greater before the Great ...
German reunification in 1990, with the democratic West absorbing the ex-Communist East. The dissolution of the Soviet Union in 1991, replaced by a friendly Russia and 14 other countries. Except for Tiananmen Square in China, all the events strongly favored the United States. Bush took the initiative in the invasion of Panama and the START treaties.
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The 1990s (often referred and shortened to as "the '90s" or "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]