Economy of the 1990's?

Question

was the economy good or bad in the 1990s? and why?

Answer 1

Good. Unemployment was low, prices were stable, and wealth increased rapidly via the stock market. Clinton's balanced budget and the Federal Reserve's low interest rate allowed a great deal of investment, and the Internet Boom helped create a great deal of capital investment (in machinery and technology) that would serve Americans for years and years.

Prices were low, so even if wages didn't grow, at least Americans could buy gas for $1/gallon, and housing was very affordable.

In 1998, unemployment was so low, McDonald's was giving away signing bonuses for employees.

The down side to the economy was that many manufacturing workers were being hurt by NAFTA (though it kept prices low for everyone else) and the joke was that unemplyment was low because everyone needed two jobs to get by.