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March 15, 2009
The 90's started and ended in a recession. What happened in between those years was the largest expansionary period of the US economy in history. The George Herbert Walker Bush Administration was leading the fiscal policy during the first recession of 1990-91. Bill Clinton inherited the recession and led the US in prosperous times during 1992-2000 expansionary periods. George W. Bush would lead us through the 2001 recession. During this time period there was one chairman of the Federal Reserve, Alan Greenspan. This paper examines the causes of both recessions, outlines the monetary and fiscal policies used to combat the recessions and return the country to prosperity. In addition, the PepsiCo Corporation is examined over this period of time to show how one firm dealt with setbacks and growth in the economy.
The recession of 1990, started in 1987 on October 19, Black Monday, when the US Dow Jones average was down......
Approximate Word Count: 6102
Approximate Pages: 24 (260 words per double-spaced page)