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This 5 page paper discusses some of the factors that drove the economic expansion of the 1990s, and the recession and recovery that followed. Bibliography lists 4 sources.
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5 pages (~225 words per page)
File: D0_HVEcnExp.rtf
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drove the expansion, and the recession and recovery that followed. Discussion First of all, while the economists tell us that the nation recovered from its recession in November, 2001, most
"ordinary" Americans would have a hard time believing that. The economic indicators may suggest that the nation is doing well, but the person who is paying $4/gallon for gas; who
has cut certain food items out of his diet because theyre now too expensive; who has no health insurance and hasnt had a raise in five years is probably not
going to agree that the country is in recovery. What has happened is that the recovery is jobless, and in actuality the economy is stagnant and is quite likely to
slide into recession again. Does this mean that the boom of the 90s is an aberration? It was certainly unusual; one source calls it "unique" (Why the expansion of the
1990s lasted so long, 2006-hereafter Why expansion, 2006). Factors that contributed to the expansion and recession: The 1990s expansion ran from March 1991 to March 2001; it was preceded by
a mild recession of eight months duration, which in turn was preceded by another long expansion, running from November 1982 through July 1990 (Why expansion, 2006). The U.S. economy had
thus been expanding, except for one short recession, for "more than eighteen years" (Why expansion, 2006). This source argues that the roots of the 1990s expansion are found in the
recovery from that brief eight month recession that ran from approximately August 1990 - March 1991; after the "trough" of March 1991, the first half of the following recovery was
characterized by its "ordinariness; GDP rose at less than 3.5 percent per year for the period 1992-1996" (Why expansion, 2006). But then, during the period 1996 - 2000, "the average
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