The Good Ol' Days

The 1990s

Period: Jan 1, 1990 to Dec 31, 1999

Persian Gulf War

Aug 2, 1990

international conflict that was caused by Iraq's invasion on Kuwait. The UN Security Council, on November 29, approved the use of force against Iraq if it did not withdraw from Kuwait by January 15, 1991.

Persian Gulf War

Aug 2, 1990

Iraq troops invade Kuwait, leading to the Persian Gulf War

1990 Economic Indicators

Dec 31, 1990

Inflation Rate = 5.4%
Household Income = $28,506
GDP = $5.5T
Unemployment = 5.4%
30 Yr Mortgage Rate = 10.13%

Fall of USSR

Dec 26, 1991

In 1979, the Soviets appeared invincible. However, war in Afghanistan combined with the pressures of having to keep up with the American arms buildup strained the system.

1991 Economic Indicators

Dec 31, 1991

Inflation Rate = 4.2%
Household Income = $28,875
GDP = $5.9T
Unemployment = 6.4%
30 Yr Mortgage Rate = 9.5%

1992 Economic Indicators

Dec 31, 1992

Inflation Rate = 3.0%
Household Income = $29,473
GDP = $6.3T
Unemployment = 7.3%
30 Yr Mortgage Rate = 8.4%

Bill Clinton

Jan 20, 1993

Bill Clinton is inaugurated as the 42nd president

1993 Economic Indicators

Dec 31, 1993

Inflation Rate = 3.0%
Household Income = $30,210
GDP = $6.6T
Unemployment = 7.3%
30 Yr Mortgage Rate = 7.33%

North American Free Trade Agreement (NAFTA)

Jan 1, 1994

it was between the United States, Canada, and Mexico (NAFTA) came into force. NAFTA created the world's largest free trade area.

1994 Economic Indicators

Dec 31, 1994

Inflation Rate = 2.6%
Household Income = $31,338
GDP = $7.1 T
Unemployment = 6.6%
30 Yr Mortgage Rate = 8.36%

Government Shutdown

Feb 15, 1995

the U.S. government was shut down as a result of a budgetary impasse between Congress and the White House. Between Bill Clinton and Republican speaker Newt Gingrich.

1995 Economio Indicators

Dec 31, 1995

Inflation Rate = 2.8%
Household Income = $33,238
GDP = $7.4 T
Unemployment = 5.6%
30 Yr Mortgage Rate = 7.96%

1996 Economic Indicators

Dec 31, 1996

Inflation Rate = 3.0%
Household Income = $34,704
GDP = $7.8 T
Unemployment = 5.6%
30 Yr Mortgage Rate = 7.81%

1997 Economic Indicators

Dec 31, 1997

Inflation Rate = 2.3%
Household Income = $36,210
GDP = $8.3 T
Unemployment = 5.3%
30 Yr Mortgage Rate = 7.6%

1998 Economic Indicators

Dec 31, 1998

Inflation Rate = 1.6 %
Household Income = $38,127
GDP = $8.7 T
Unemployment = 4.6 %
30 Yr Mortgage Rate = 6.94 %

1999 Economic Indicators

Dec 31, 1999

Inflation Rate = 2.2%
Household Income = $39,985
GDP = $9.3 T
Unemployment = 4.3 %
30 Yr Mortgage Rate = 7.43%