The American
    economy in the 1990s was changing and growing at a rapid pace, particularly later in the decade.
     This pace would turn out to be unsustainable as it was built on something of a
    "bubble."  After a recession in the early part of the decade (that helped get
    President Clinton elected), the economy took off as the internet fueled a boom.  The changing
    technology in this and other sectors combined with rapid globalization and the rise of the
    service sector to drive economic growth.  
Of course, this growth was not
    shared by all.  Manufacturing jobs continued to be lost both to foreign competition and to
    technological changes.  However, these losses were outweighed by jobs in new sectors of the
    economy.  These factors made the late 1990s a very optimistic time in the US
    economy.
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