1990s United States boom

The 1990s boom in the United States of America was a period of economic prosperity, largely coinciding with the presidency of Bill Clinton and the Republican Revolution.

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The "long boom"

The term "long boom" was also used during the 1990s when the U.S. economy appeared to be doing particularly well and is the title of a book analyzing this period, though it is also used to refer to the Post-World War II economic boom.

The book, written by Peter Schwarz, Peter Leyden, and Joel Hyatt and published in 1999, is in turn based on a Wired Magazine cover story from 1997, by Peter Schwartz and Peter Leyden. Both the article and the book declared optimistically that the late-90s technology-fueled economic boom would continue for another two decades, sending the NASDAQ index to 5000 points, while technology would facilitate the elimination of environmental and social problems; this ultimately proved more than a tad optimistic. Although the Nasdaq eventually peaked over 5000 points, this was at the peak of the Dot-com bubble which led to the Early 2000s recession. By the time of the Late-2000s recession it was clear the boom was not going to continue unimpeded.

According to the National Bureau of Economic Research, the 1990s was the longest economic expansion in the history of the United States, lasting exactly ten years from March 1991 to March 2001.

See also

Contemporary economics

Contemporary booms

References