828-833 Create a graphic organizer identifying how the American

1. 828-833 • Create a graphic organizer • identifying how the American • economy had changed by 2000. • Analyze a primary source document.

3. S A M P L E O U T L I N E: . I. The Politics of the Center A. Political Generations 1. The concerns of Generation X a. 18 – 30 year old voting bloc b. Concerned over US standing in the world 2. The candidacy of Ross Perot B. Policing the World 1. Bosnia and Kosovo 2. The reinvention of NATO a. Former “satellite” nations joined b. Allowed for greater coalition to deal with global issues C. Clinton’s Neoliberalism D. Contract with America and the Election of 1996 E. The Dangers of Everyday Life 1. Violence in the 1990s a. Branch-Davidian Cult Raid in Waco, Texas b. Oklahoma Federal Building bomb – Timothy McVeigh c. Columbine High School shootings, Colorado 2. The Brady Handgun Violence Prevention Act 3. Crime and the war on drugs

4. Organize the entries into an outline: (Triple space between entries to make room for additional details.) US began to trade more with Pacific nations North American Free Trade Agreement The Service Economy In The World Market Microsoft and IBM attempted to merge Cable news The World Trade Organization An Instant Society The Prosperous 1990s The General Agreement on Tariffs and Trade A New Economy The World Wide Web The High-Tech Sector

5. A New Economy – due to “Electronic Revolution” the economy changes to become more global in nature.

6. Organize the entries into an outline: (Triple space between entries to make room for additional details.) US began to trade more with Pacific nations North American Free Trade Agreement The Service Economy In The World Market Microsoft and IBM attempted to merge Cable news The World Trade Organization An Instant Society The Prosperous 1990s The General Agreement on Tariffs and Trade A New Economy The World Wide Web The High-Tech Sector

7. A New Economy – due to “Electronic Revolution” the economy changes to become more global in nature. A. The Prosperous 1990s

8. A. The Prosperous 1990s • 1992-2000 the U.S. economy grew each year. • Unemployment decreased from 7.2% in 1992 to 4% in 2000. • 3. Internet companies helped drive the stock market. • 4. Rate of home ownership rose for the first time in almost fifteen years! • 5. Number of Americans living below • poverty rate fell to 12% • 6. Federal deficits turned into surpluses • in 1998-2000. • WHY? The corporate downsizing of the 1980s is now benefitting corp.

9. Organize the entries into an outline: (Triple space between entries to make room for additional details.) US began to trade more with Pacific nations North American Free Trade Agreement The Service Economy In The World Market Microsoft and IBM attempted to merge Cable news The World Trade Organization An Instant Society The Prosperous 1990s The General Agreement on Tariffs and Trade A New Economy The World Wide Web The High-Tech Sector

10. II. A New Economy? A. The Prosperous 1990s B. The Service Economy

11. B. The Service Economy • Service sector included jobs not • involved in producing physical • products. • a. Jobs ranging from child- care workers to pro- fessional consulting firms grew. • b. By 1990s this included 70% • of American jobs • 2. Healthcare jobs were one of the fastest growth areas of the 1990s. • a. 1960 = U.S. spent 5% GDP on medical services. • b. By 1990 = 12%

12. II. A New Economy? A. The Prosperous 1990s B. The Service Economy C. The High-Tech Sector

13. C. The High-Tech Sector 1. Grew from the 1940s war-time code breaking efforts. 2. In 1971, the development of the microprocessor made personal computers possible. a. California became the center of this new computer industry in “Silicon Valley”. b. Microsoft and IBM created a business alliance in the industry, however, anti- trust laws prevented this from happening. Wanted to avoid 2 large corporations from controlling large sectors of the computer market. c. By the 1990s, personal computers grew to be a major part of everyday life with 45% of adults having internet access.

14. President Clinton’s Speech • As you read President Clinton’s 1996 speech at the Democratic National Convention, highlight or make note of his “vision of the future”. • Need to build a “bridge to the future” to help young people get the education they need to succeed. • Single most important thing is to expand opportunity for ALL Americans to go to college! • Make two years of college just as universal as a high school diploma. • He promises never to cut funding for education while president.

15. II. A New Economy? A. The Prosperous 1990s B. The Service Economy C. The High-Tech Sector D. An Instant Society 1. Cable news

16. D. An Instant Society 1. Cable News Network (CNN) first aired in 6/1980 providing news coverage 24hours and day, 7 days week. a. Music Television (MTV) aired in 8/1981. b. Both CNN and MTV competed with the three major networks (CBS/NBC/ABC).

17. II. A New Economy? A. The Prosperous 1990s B. The Service Economy C. The High-Tech Sector D. An Instant Society 1. Cable news 2. The World Wide Web

18. D. An Instant Society 1. Cable News Network (CNN) first aired in 6/1980 providing news coverage 24hours and day, 7 days week. a. Music Television (MTV) aired in 8/1981. b. Both CNN and MTV competed with the three major networks (CBS/NBC/ABC). 2. The World Wide Web grew out of the 1969 military project ARPANET (Advanced Research Project Admin.) intended as a communication system in time of nuclear attack. a. 1984 Pentagon gave up control of the system. b. By 1991, it had expanded into the private sector and has become the commercial internet of today.

19. II. A New Economy? A. The Prosperous 1990s B. The Service Economy C. The High-Tech Sector D. An Instant Society 1. Cable news 2. The World Wide Web E. In the World Market

20. E. In the World Market 1. U.S. began to trade more with Pacific nations than with Europe. 2. Value of American exports increased from 7% of our GNP in 1965 to 16% of our GNP by 1990. 3. Concern grew over American “colonial status” when it came to exporting more raw materials and importing more finished products = trade deficit.

21. E. In the World Market 4. NAFTA – North American Free Trade Agreement a. In 1993 NAFTA created a “common market” with Mexico and Canada similar to that of Western Europe. b. Negotiated by President George H.W. Bush and pushed through Congress by President Bill Clinton it brought together almost 365 million consumers. 5. GATT – General Agreement on Tariffs a. 1993 it cut tariffs among 100 nations. b. In 1996, the World Trade Organization (WTO) replaced GATT and set additional standards and practices for global trade.

22. E. In the World Market 6. Opposition to this “Globalization of Trade”? a. Organized labor unions b. Industrial workers c. Environmentalists upset with Mexico’s heavy industrial pollution. d. Protest also came from groups who saw the WTO as helping only wealthy nations!

23. II. A New Economy? A. The Prosperous 1990s B. The Service Economy C. The High-Tech Sector D. An Instant Society 1. Cable news 2. The World Wide Web E. In the World Market 1. Trade with Pacific nations increased 2. US Exports 3. Trade Deficit 4. The North American Free Trade Agreement (NAFTA) 5. The General Agreement on Tariffs and Trade (GATT)

24. Short Answer Essay “Discuss several changes experienced by the U.S. economy during the 1990s.”