Question

Discuss some of the factors that caused the economic boom of the 1990s. (Be careful not to confuse after-effects with “causes”) What kind of workers benefited during the boom? Which workers lost ground?

Answer 1

Increase in employment, wage and rapid rising in stock prices are the factors that contributes in the economic boom of 1990s.

There are some factors which contribute in the economic boom of 1990s. The first factor is the increase in income that grew due to faster employment and faster wage growth. There is great reduction occur in the unemployment rates. The consumption was also increases by rapidly rising stock prices.

All the workers that work in factories and other industries get benefits from the economic boom of 1990s because the economic boom increases their wages as well as more opportunity for employment so we can conclude that increase in employment, wage and rapid rising in stock prices are the factors that contributes in the economic boom of 1990s.

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