Thursday, October 31, 2013

Economy during the '90s

We all know about the history-making economic expansion from 1993-2000, but how did this happen? Two factors to this were the war and trade. In the early 90's, the war with Iraq erupted, allowing many businesses producing war supplies to flourish. Also, NAFTA was passed allowing trade to open up giving businesses more opportunities to expand. These two factors, along with many others, allowed GDP to rise and for the economy to expand.

No comments:

Post a Comment