Causes
The Country that invaded Kuwait.
What is Iraq?
Many businesses did this as a result of the recession.
What is Downsizing, or declaring Bankruptcy?
This is the year the Gulf War recession began.
What is 1990
This was an economic downturn following the Gulf War.
What was the Gulf War Recession?
This person got fired in the first week.
Who is Caleb?
The Product that had a shortage of production.
What is Oil?
These grew in response to inflation.
What are Interest rates?
This was the second phase of the Gulf War.
What is the combat phase?
This is the number of nations that coordinated fiscal and monetary policies to steady financial markets
What is 7?
Mrs. Roche was eating this during our class on Jan 22.
What is Salad?
This market exploded and lowered property values.
What is the Real Estate Market
This happened to Real Estate temporarily.
What is Losing value?
This is the number of global recessions in the past 7 decades.
What is 4?
This transformed industries and opened many job opportunities.
What is Technology?
These are the ways that this presentation was better than all the others.
What is every way?
This was one of the main reasons for the Post-War Recession.
What is the transition from a wartime to a peacetime economy?
This rate increased from 5% to 8% during the Recession.
What is the unemployment rate?
The U.S. President during Gulf War Recession
Who is George H.W. Bush?
This policy reduced the Federal budget deficit by reducing spending and increasing taxes
What is the Fiscal Policy?
The color of Caleb's sweatshirt on Jan 17.
What is grey?
This is what the economy had to adjust to a significant reduction in government spending for.
What is the Government not spending so much money on military purposes?
This was hurt due to the slide into recession, and steep costs of bailing out loan associations.
What is the Federal Budget
The recession occurred after this Era.
What is the Reagan Era?
This lowered interest rates from 8% to 3% from 1990 to 1992.
What is the Monetary Policy?
Hangman!!
What is Diversification?