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Timeline:
Wave of Immigration |
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1983 - The American economy entered a long expansion that lasted until a brief recession at the end of the decade. Inflation was low, unemployment was low, and steady growth led to rising standards of living. After the brief recession ended in 1991, the economy resumed a steady upward climb, again with low inflation, low unemployment, and steady growth. This was referred to by many observers as the "Goldilocks" economy because it was not too hot (which would cause inflation) and not too cold (which would cause high unemployment). Related Links: Interviews:
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PBS Program | Trends of the Century | Viewer's Voices | Interactivity | Teacher's Guide |
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