Recession in the United States: In the year 1990, the country suffered a post war recession for a period of eight months.It consists of jobless recovery and led to the re-election defeat of George Bush.In order to end the recession in the early 1990s, President Clinton decreased government spending.Instead of spending money for government purposes, he used the money for the welfare of the people.He increased the funds for education and lowered the spending for defense and used protectionist tariff.The country was made enterprise-friendly.
When he came to the throne, George III inherited a ministry that had started the Seven Years' War, a global conflict with France and Spain, among other powers (the fighting in North America was known as the French and Indian War).
