1990s U.S. economic expansion

E286360

The 1990s U.S. economic expansion was a prolonged period of robust growth, low unemployment, and rising productivity, driven in large part by technological innovation and the booming information technology sector.

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Label Occurrences
1990s U.S. economic expansion canonical 1

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Statements (50)

Predicate Object
instanceOf economic expansion
macroeconomic phenomenon
associatedWith Federal Reserve monetary policy under Alan Greenspan
NAFTA
surface form: North American Free Trade Agreement

declining defense spending share of GDP
dot-com boom
entrepreneurial activity in technology
globalization of trade
housing market strength in many regions
increased female labor force participation
low interest rates in the early 1990s
peace dividend after the Cold War
rapid corporate profits growth
rising equity valuations
rising labor force participation
stock market boom
strong consumer spending
venture capital expansion
characterizedBy budget surpluses in the late 1990s
low inflation
low unemployment
rising productivity
rising real wages
robust economic growth
strong job creation
country United States of America
surface form: United States
drivenBy capital investment in information technology
computer hardware industry growth
expansion of the internet
information technology sector growth
productivity gains from information and communications technology
software industry growth
technological innovation
telecommunications industry growth
endedWith bursting of the dot-com bubble
slowdown in investment and output growth
endTime 2001
fiscalOutcome federal budget surpluses from 1998 to 2001
followedBy early 2000s U.S. recession
GDPGrowthPattern sustained above-trend real GDP growth in the mid-to-late 1990s
governmentDuringPeriod Clinton administration
surface form: Bill Clinton administration

George H. W. Bush administration
historicalSignificance often cited as an example of technology-led growth
one of the longest U.S. economic expansions in the postwar era
latePeriodUnemploymentRateApprox around 4 percent by 2000
peakUnemploymentRateApprox around 7.8 percent in 1992
precededBy early 1990s U.S. recession
productivityTrend accelerating labor productivity growth in the second half of the 1990s
startTime 1991
timePeriod 1990s

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Clinton administration presidedOver 1990s U.S. economic expansion