Peter Calabrese Essay
How has your life changed since 1991? Have you noticed: an increase of material goods around your house, a new car in your driveway, or a little bit bigger gut due to eating more prime rib and filet mignon. If you have answered yes to any of these questions you are among the millions that have benefited from the economic boom. The economic boom refers to the period of economic expansion that started in March of 1991 and is still happening to this day. The following report will analyze various aspects of the economic boom including: what contributed to the boom and the areas of the economy which are positively and negatively affected. It will also review how long it is projected to last and possibilities that could send our economy into a recession or even depression. "The Economic Boom" as previously stated refers to the period of economic expansion that started in March of 1991 and has been proceeding for the past 108 months. These 108 months have been the longest period of economic growth ever in American history. The stock market is growing faster than it ever has before.