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Job growth remained weak at first, hampered by mass layoffs in defense-related industries following the end of the Cold War. [6] Construction hiring was also weak, and real estate values subdued, following a period of overbuilding in the 1980s. [7] Economic growth solidified by 1993, and home prices rebounded starting in 1995.
The 2000s (pronounced "two-thousands"; shortened to the ' 00s and known as the aughts or noughties) was the decade that began on January 1, 2000, and ended on December 31, 2009. The early part of the decade saw the long-predicted breakthrough of economic giants in Asia, like India and China, which had double-digit growth during nearly the whole ...
In early 1950s, the Soviet Union, having reconstructed the ruins left by the war, experienced a decade of prosperous, undisturbed, and rapid economic growth, with significant and remarkable technological achievements most notably the first earth satellite. The nation made it to the top 15 countries with highest GDP per capita in the mid-1950s.
In addition, individuals who earned more than $10,000 a year paid a lower proportion of their income in taxes than those who earned less than $2,000 a year. [37] In 1947, 60% of black families lived below the poverty level (defined in one study as below $3000 in 1968 dollars), compared with 23% of white families.
Population growth was responsible for over three-quarters of the economic growth of the British American colonies. The free white population had the highest standard of living in the world. [5] [6] There was very little change in productivity and little in the way of introduction of new goods and services.
Taiwan Miracle (1961–2000) Swiss miracle (c. 1940s–2000s) Japanese economic miracle (c. 1945–1990) Trente Glorieuses (France, c. 1945–1975) Record years (Sweden, c. 1947–1974) Wirtschaftswunder (West Germany and Austria, c. 1950s–1970s) Mexican miracle (c. 1940s–1970s) (term not used by economists) Belgian economic miracle (1945 ...
1951 – late 1950s Mexican oil boom: petroleum: fossil fuel: Mexico: 1977–1981 1970s commodities boom: multiple: multiple: worldwide: 1970s Merluza boom [4] [5] fish: hard commodity: Chile: 1980s Chilean salmon boom [6] [7] fish: soft commodity: Chile: 1986–2007 2000s commodities boom: multiple: multiple: worldwide: 2000s Uranium bubble of ...
The 1990s stock market boom ends in mid-March to early September 2000 – 2001. Post-9/11 Recession from 2001 to 2002. The Dow Jones average would sink to the 7000 level during July 2002. Continuing stagnation in US and global monthly jobs growth afterwards.