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Throughout the 1990's the United States economy was consistently on the rise.
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Throughout the 1990's the United States economy was consistently on the rise. Average wages were increasing while workers had a confident sense of job security, both of which laid the foundation for soaring domestic consumption rates that further solidified the well being of the economy. With the declaration of war with Iraq now almost an inevitability consumer confidence and spending rates have begun to decline, which is bad new for businesses and the economy as a whole. During the 1990's businesses were able to sell goods at lower costs due to the massive amounts of goods that were being consumed by U.S. citizens, and also the fact that raw materials, cotton, oil, etc., that producers imported were bought at cheaper prices because of the strength of the U.S. dollar. Now that the costs for raw materials are increasing, businesses have no choice but to raise their prices, which eliminates the "bargain"...
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