Economy+in+the+1990's-+Donna+T.

**Economy in the 1990s  **
 * **In the early 1990s their was an economic recession that hit most of the world. **
 * ** In the first half of the 1990s, it was the electronics equipment that contributed the most to the expansion of global trade in manufactured products. **
 * NAFTA has had a positive but small effect on U.S. trade with Mexico and that U.S. direct investment in Mexico remains very small relative to total U.S. investment abroad.
 * President Clinton was president from 1993-2000 and tried to reduce the size of the federal work force.
 * President Clinton also joined Republicans to decrease welfare benefits.
 * Many of the key innovations of the New Deal and of the Great Society remained in place.
 * With the fall of the Soviet Union and Eastern European communism in the late 1980s, trade oppurtunites expanded significantly.
 * The advancement in telecommunications and computer networking produced an immense computer hardware and software industry.
 * In addtion, it revolutionized the way many industries operated.
 * The economy and corporate earnings grew rapidly.
 * With low employment and low inflation and strong profits sent the stock market rising.


 * Bill Gates & Computer Industry **





 //"Ultimately, the PC will be a window to everything people are interested in-and everything we need to know"-Bill Gates//
 * Bill Gates is one of the most successful entrepreneurs of the 20th century and is the founder of the Microsoft Corporation.
 * By the start of the 1990s, Bill Gates had become the PC's industry ultimate kingmaker.
 * Microsoft had become the world's second most valuable company, worth about $200 billion by 1998.
 * The federal government and 20 states accused Microsoft of using its power to gain a monopoly over the market for software needed to browse the Internet.
 * They sued Microsoft for violating the Sherman Antitrust Acto of 1890.
 * During the 1990s Microsoft's Windows operating system and Office application achieved worldwide market dominance.
 * However, with his success Bill Gates was accused of using his company's power to stifle competition.

 ** 
 * NAFTA
 * On January 1, 1994 NAFTA was launched and is one of the most successful trade agreements in history.
 * NAFTA was signed by Democratic President Bill Clinton.
 * Significant increases in agricultural trade and investment between the United States, Canada and Mexico has benefited farmers, ranchers and consumers throughout North American.
 * During 1992-2007, the value of U.S. agricultural exports worldwide has risen to 65 percent.
 * NAFTA improves incentives for buying within the North American region and ensures that North American producers receive the primary benefits of all newly established preferences. [[image:http://tbn3.google.com/images?q=tbn:LR9Lws1_IdaLdM:http://am3342.k12.sd.us/Year/Images/picture13.gif width="160" height="98" align="right" link="http://images.google.com/imgres?imgurl=http://am3342.k12.sd.us/Year/Images/picture13.gif&imgrefurl=http://am3342.k12.sd.us/Year/Stories.htm&usg=__L_7WegYSvcgoz2ahSDZT2Q8K9_w=&h=450&w=550&sz=30&hl=en&start=105&um=1&tbnid=LR9Lws1_IdaLdM:&tbnh=109&tbnw=133&prev=/images%3Fq%3DNAFTA%26ndsp%3D18%26hl%3Den%26rls%3DGWYE,GWYE:2009-15,GWYE:en%26sa%3DN%26start%3D90%26um%3D1"]]
 * NAFTA is short for the North American Free Trade Agreement and it covers Canada U.S and Mexico.
 * NAFTA was designed to remove tariff barriers between the U.S. Canada and Mexico over the next fifteen years.
 * During 1993-2007 trade tripled from $297 billion to $930 billion.
 * In 1993 NAFTA was ratified by the legislatures of the three countries.
 * Although NAFTA was started by President Bush it was a priority to President Clinton's and was considered one of his first success.
 * Under NAFTA the United States, Canada, and Mexico became a single, giant, integrated market of almost 100 million people with $6.5 trillion worth of goods and services annually.
 * NAFTA was designed to promote economic growth by spurring competition in domestic markets and promoting investment from both domestic and foreign sources.

[] http://www.entrepreneur.com/growyourbusiness/radicalsandvisionaries/article197526.html [] [] [] []
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