The Atlantic mentions that Operation Desert Storm was carried out by George H.W. Bush and was "a military operation to expel occupying Iraqi forces from Kuwait, which Iraq had invaded and annexed months earlier." It was America's first military conflict since the Vietnam war, which is why it's so important.
NY Times states that "The gulf crisis hurt consumer confidence and snagged business spending on new plant and equipment. The slide into recession, together with the steep costs of bailing out the savings and loan associations, deepened the Federal budget deficit," meaning that the economy in the United States was affected negatively.
NY Times also states that Operation Desert Storm "cost the United States and its allies $60 billion and helped set off an economic recession caused in part by a spike in oil prices. For that war, the allies picked up almost 80 percent of the bill." The United States liberated Kuwait as a result.
