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Ch. 22-4 Economic Concerns in the 90’s

Ch. 22-4 Economic Concerns in the 90’s. Computers- changing the way we live our lives today Internet- you can do virtually everything on a computer now Social Security- baby boomers are starting to retire so the $$$ will soon run out Many are calling for SS reform.

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Ch. 22-4 Economic Concerns in the 90’s

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  1. Ch. 22-4 Economic Concerns in the 90’s Computers- changing the way we live our lives today Internet- you can do virtually everything on a computer now Social Security- baby boomers are starting to retire so the $$$ will soon run out Many are calling for SS reform

  2. The national debt becomes an issue Politicians called for a balanced budget amendment but failed Campaign Finance Reform- Cong. trying to regulate the financing of political campaigns. 1994-Republicans “Contract With America” won Congress

  3. Stock Market 1987-1999- Bull Market- soar in trading and the Dow Jones over 10,000 Stock market booms in the late 1990s Govt. experienced surplus funds in the late 1990s

  4. North American Free Trade Agreement • NAFTA- goal was to reduce trade barriers between the U.S./Canada/Mexico • Tariffs were eliminated • Many companies relocated factories to Mexico b/c of lower wages • People criticize NAFTA b/c of a loss of American manufacturing jobs

  5. Impeachment and Acquittal Clinton accused of sexual harassing Paula Jones while governor of Arkansas While testifying in the Jones case it was rumored that he had sexual relations with an intern while president He denied the intern (Monica Lewinsky) allegations while under oath

  6. Jones, Tripp & Lewinsky

  7. Impeachment Cong. accused him of perjury (denying the intern in court) & Obstruction of Justice (trying to influence others and conceal his relationship with the intern) Congress controlled by Republicans and the impeachment proceedings were politically motivated.

  8. House voted to impeach the president Senate- failed to convict the president of any wrong doing Pres. Andrew Johnson and Clinton only presidents to be impeached but not convicted.

  9. Clinton and the 90’s Legacy • 1990s saw huge gains in technology • Clinton is viewed as a good president b/c of a great economy in the late 90’s • Impeachment proceedings tarnished his presidency • Rise in technology has led to a loss of privacy

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