The early part of the decade saw the long-time predicted breakthrough of economic giant China, which had double-digit growth during nearly the whole decade. To a lesser extent, India also benefited from an economic boom, which saw the two most populous countries becoming an increasingly dominant economic force. The rapid catching-up of emerging economies with developed countries sparked some protectionist tensions during the period and was partly responsible for an increase in energy and food prices at the end of the decade. The economic developments in the latter third of the decade were dominated by a worldwide economic downturn, which started with the crisis in housing and credit in the United States in late 2007 and led to the bankruptcy of major banks and other financial institutions. The outbreak of this global financial crisis sparked a global recession, beginning in the United States and affecting most of the industrialized world.
The growth of the Internet contributed to globalization during the decade, which allowed faster communication among people around the world. Social networking sites arose as a new way for people to stay in touch no matter where they are, as long as they have an internet connection. The first social networking sites were Friendster, Myspace, Facebook, and Twitter in 2003, 2004, and 2006, respectively. Myspace was the most popular social networking website until June 2009 when Facebook overtook Myspace in the number of American users. The Email continued to be popular throughout the decade and began to replace “snail mail” as the primary way of sending letters and other messages to people in far away locations, though it has been available since 1971.
Nineties Inventions – The Year Invented Inventors and Country or attributed to First Use
The Hubble Space Telescope is launched; revolutionizes astronomy.
Nineties Money and Inflation
If you have $100 Converted from 1990 to 2020 it would be equivalent to $1843.64 today
In 1990 a new house cost $123,000.00 and by 1999 was $131,700.00
In 1990 the average income per year was $28,970.00 and by 1999 was $40,810.00
In 1990 a gallon of gas was $1.34 and by 1999 was $1.22
In 1990 the average cost of new car was $16,000.00 and by 1999 was $21,100.00
A few more prices from the 90’s and how much things cost:
Ford Mustang Convertible $14,289.00
Leather Bomber Jacket $99.99
Levis Denim Jeans $34.99
Super Nintendo $159.00
Cellular Car Phone $325.00
Nineties Popular Culture
A combination of factors, including the continued mass mobilization of capital markets through neoliberalism, the thawing and end of the decades-long Cold
Some of the Most Well Known Movie Stars of the Nineties
Mel Gibson. Actor | Braveheart. …
Tom Cruise. Actor | Top Gun. …
Robin Williams. Actor | Mrs. …
Julia Roberts. Actress | Pretty Woman. …
Tom Hanks. Producer | Cast Away. …
Harrison Ford. Actor | Raiders of the Lost Ark. …
Kevin Costner. Actor | The Postman. …
Arnold Schwarzenegger. Actor | Predator.
Titanic became the most successful movie ever, with sales well over $300 million.
Fashion in the 1990s was defined by a return to minimalist fashion, in contrast to
Additional amenities of a Forties home would include items that are thought of as