I am so happy, so relieved, so hopeful. I cried. I have never felt this way about a president. One of our own. Much is being made of the color of his skin and that is an inspiring first. But this is a president of my generation. Someone who was a child in the 1970’s and came of age in the 1980’s and married in the 1990’s Someone whose children, for better or worse, are influenced by the Disney Channel.
Early 2000s recession 2001–2003 22 months
The collapse of the dot-com bubble, the September 11th attacks, and accounting scandals contributed to a relatively mild contraction in the North American economy.
Early 1990s recession 1990–1991 23 months
Industrial production and manufacturing-trade sales decreased in early 1991.
Early 1980s recession 1980–1982 25 months
The Iranian Revolution sharply increased the price of oil around the world in 1979, causing the 1979 energy crisis. This was caused by the new regime in power in Iran, which exported oil at inconsistent intervals and at a lower volume, forcing prices to go up. Tight monetary policy in the United States to control inflation lead to another recession. The changes were made largely because of inflation that was carried over from the previous decade due to the 1973 oil crisis and the 1979 energy crisis.
1973 Oil Crisis 1973–1975 24 months
A quadrupling of oil prices by OPEC coupled with high government spending due to the Vietnam War lead to stagflation in the United States.