Good Ol Days Timeline

By kallie

  • Bush inherited the economic prosperity if the Reagan years.

  • The economy fell into a recession.

  • Federal minimum wage is raised

  • Humble was launched into orbit

  • The recession ended

  • Dissolution of the Soviet Union

  • US initiates military action

  • U.S Presidential election

  • Hurricane Andrew

  • The Great Flood of 1993

  • Gulf War

  • Unemployment remained above 7% until July 1993

  • President Clinton announces that the United States will stabilize greenhouse gas emissions at 1990 levels by the year 2000.

  • Bill Clinton was elected President

  • World Trade Center bombing

  • Unemployment remained above 6%

  • Taxes were raised on high-income Americans and corporations.

  • GDP growth surged and the number of jobs created

  • The Federal Reserve raised interest rates from 3% to 6%

  • Rwanda Massacre

  • Dot-Com bubble would jumpstart the economy

  • Oklahoma City bombing

  • Saw a return to steady growth

  • Unemployment fell below 5% for the first time since December 1973.

  • Impeachment of Clinton