Major Events and Effects on American Economy 1990-2004

The economy of the 1990's was shaped by technological innovation. With the invention of the internet in the early 90's everything changed. Post offices have lost incredible sums of money due to E-mail communication but have made it up again in postage revenues from internet shopping. By 1994, 3 million people were online. By 1998, 100 million people were. It is estimated that by 2001, some 1 billion people will be connected. Baby boomers are looking towards retirement and investing large sums of money in all sectors of the global economy. In the 1990's the United States played the role of world policeman. The decade began with Sadam Husein's invasion of Kuwait and the Gulf War. In 1993 in Somalia. By September, 1994, the U.S. in Haiti.
In 1996 about 20,0000 American troops were sent to Bosnia. In late March 1999 the U.S. held air strikes against Yugoslavia. The U.S. played peace keeper throughout the world.
Tech was big and people who caught the wave made millions in a short time and then lost it all in even less. In the 90's companies like Enron cheated the system and raked in profits. Some of these same executives are currently facing jail time. Legal and illegal immigrants flooded in from south of the border as well as Eastern Europe, adding millions of hard working hands to the labor supply.
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