Major events and effects on American Economy 1990-2004 including Enron, 911, immigration, outsourcing, bush tax cut, internet, and statistical info. vanderbilt

Essay by Brthrbruce, University, Bachelor's, July 2004

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Major Events in American Economy:

1990- Present

5.7.04

Universidad de La Serena

Facultad de Ciencias Sociales y Ecónomia

Ingenería Comercial

FACTS ABOUT THIS DECADE

Population: 281,421,906 (2000 Census)

Unemployment: 5.8 million, or 4.2% (Sept 99)

National Debt: $5,413.l Million (1997)

Average Salary: $13.37/hr (1999)

Teacher's Salary: $39,347 (1998)

Minimum Wage: $5.15/hr (1997)

Life Expectancy: Male 73.1 Female 79.1(1997)

Auto Deaths: 49,772 (1997)

1990 Economy / Prices

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Economy

President: George Bush

Vice President: Dan Quayle

Population: 249,438,712

Life expectancy: 75.4 years

Dow-Jones

High: 3,000

Low: 2,365

Federal spending: $1252.52 billion

Federal debt: $3206.6 billion

Inflation: 5.4%

Consumer Price Index: 130.7

Unemployment: 5.3%

Prices

Cost of a new home: $149,800.00

Cost of a new car: $

Median Household Income: $29,943.00

Cost of a first-class stamp: $0.25

Cost of a gallon of regular gas: $1.16

Cost of a dozen eggs: $1.00

Cost of a gallon of Milk: $2.78

1995 Economy / Prices

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Economy

President: Bill Clinton

Vice President: Al Gore

Population: 262,764,948

Dow-Jones

High: 5,216

Low: 3,832

Federal spending: $1519.13 billion

Federal debt: $4921.0 billion

Inflation: 2.5%

Consumer Price Index: 152.4

Unemployment: 6.1%

Prices

Cost of a new home: $158,700.00

Cost of a new car: $

Median Household Income: $34,076.00

Cost of a first-class stamp: $0.32 (as of 1/1/95)

Cost of a gallon of regular gas: $1.15

Cost of a dozen eggs: $1.16

Cost of a gallon of Milk: $2.96

1999 Economy / Prices

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Economy

President: Bill Clinton

Vice President: Al Gore

Dow-Jones

High: 11,750

Low: 9,181

Federal spending: $1716.95 billion

Federal debt: $5978.5 billion

Unemployment: 4.5%

Inflation: 2.1%

Prices

Cost of a new home: $195,800.00

Cost of a new car: $

Cost of a first-class stamp: $0.33 (as of 1/10/99)

Median Household Income: $39,973.00

Cost of a gallon of regular gas: $1.17

Cost of a dozen eggs: $1.08

Cost...