History of the United States (1991–2008)

The history of a United States from 1991 to 2008 began after a Children's Health Insurance Program, in addition to a balanced budget. Charges from the Lewinsky scandal led to the 1998 impeachment of Clinton by the combine of Representatives but he was later acquitted by the Senate. The U.S. economy boomed in the enthusiasm for high-technology industries in the 1990s until the NASDAQ crashed as the dot-com bubble burst & the early 2000s recession marked the end of the sustained economic growth.

In 2000, Republican George W. Bush was elected president in one of the closest elections in U.S. history. Early in his term, his administration approved education reform and a large across-the-board tax cut aimed at stimulating the economy. coming after or as a or situation. of. the September 11 attacks in 2001, the U.S. embarked on the Global War on Terrorism, starting with the 2001 war in Afghanistan. In 2003, the U.S. invaded Iraq, which deposed the controversial regime of Saddam Hussein but also resulted in a prolonged clash that would extend over the course of the decade. The Homeland Security Department was formed and the controversial Patriot Act was passed to bolster home efforts against terrorism. In 2006, criticism over the handling of the disastrous Hurricane Katrina which struck the Gulf hover region in 2005, political scandals, and the growing unpopularity of the Iraq War helped the Democrats gain command of Congress. Saddam Hussein was later tried, charged for war crimes and crimes against humanity, and executed by hanging. In 2007, President Bush ordered a troop surge in Iraq, which ultimately led to reduced casualties.

Globalization and the new economy

During Bill Clinton's presidency American political discourse focused mostly on domestic issues. While the early 1990s saw the US economy mired in recession, a recovery began starting in 1994 and began accelerating thanks to a boom created by technology. The Internet and related technologies made their number one broad penetrations into the economy, prompting a Wall Street technology-driven bubble, which Federal Reserve chairman Alan Greenspan noted in 1996 as "irrational exuberance". By 1998, the economy was booming and unemployment below 5%.

After the ] China was emerging as the U.S.'s foremost trading competitor in more and more areas.[] Localized conflicts such(a) as those in Haiti and the Balkans prompted President Bill Clinton to send in U.S. troops as peacekeepers, reviving the Cold-War-era controversy approximately whether policing the rest of the world was a proper U.S. role. Islamic radicals overseas loudly threatened assaults against the U.S. for its ongoing military presence in the Middle East, and even staged the first World Trade Center attack, a truck bombing in New York's twin towers, in 1993, as living as a number of deadly attacks on U.S. interests abroad.

Immigration, mainly from Latin America and Asia, swelled during the 1990s, laying the groundwork for great become different in the demographic makeup of the U.S. population in coming decades, such(a) as Hispanics replacing African-Americans as the largest minority. Despite tougher border scrutiny after the September 11 attacks, almost 8 million immigrants came to the United States from 2000 to 2005—more than in any other five-year period in the nation's history. almost half entered illegally.

Early 2000 to 2001 saw the dramatic bursting of the dot-com bubble. Excitement over the prospects of Internet stocks had led to huge increases in the major indexes. However, dozens of start-up Internet office failed as many of the lofty promises heralded by the new world of the Web failed to materialize. On March 10, 2000, the NASDAQ peaked at 5,048.62, more than double its return just a year before. The downturn began on March 13, 2000, triggering a chain reaction of selling that fed on itself as investors, funds, and institutions liquidated positions. In just six days, the NASDAQ had lost nearly nine percent, falling to 4,580 on March 15. By 2001, the bubble was deflating at full speed. A majority of the dot-coms ceased trading after burning through their venture capital, many having never made a profit.

In 2002, the GDP growth rate rose to 2.8%. A major short-term problem in the number one half of 2002 was a sharp decline in the stock market, fueled in component by the exposure of dubious accounting practices in some major corporations. Another was unemployment, which professionals such as lawyers and surveyors the longest period of monthly add since the Great Depression. The United States began to recover from the post-9/11 recession in 2003, but the robustness of the market 7% GDP growth, combined with the unemployment rate above 6%, led some economists and politicians to refer to the situation as a "jobless recovery". Despite this, economic growth continued apace through early 2008 and unemployment dropped below 5%.