BUSINESSWEEK ONLINE : FEBRUARY 14, 2000 ISSUE
COVER STORY Origins of the Boom OCTOBER 1978 President Carter deregulates airlines AUGUST 1980 Chinese leader Deng Xiaoping opens special economic zones for foreign investment AUGUST 1981 President Reagan signs a huge tax cut and fires striking air-traffic controllers JANUARY 1982 AT&T settles antitrust suit and agrees to break up MARCH 1986 Microsoft is worth $700 million after its IPO OCTOBER 1987 Fed Chairman Greenspan reassures investors after the stock market crashes NOVEMBER 1989 Berlin Wall falls, marking the end of the cold war. Defense budgets soon shrink NOVEMBER 1990 President Bush signs spending caps; first serious attempt to control raging deficits MARCH 1991 National Science Foundation privatizes the Internet. Economic expansion begins APRIL 1994 James Clark founds Netscape FEBRUARY 1994 Fed begins a pre-emptive strike against inflation with the first of seven rate hikes DECEMBER 1994 Finance goes high tech. The face value of OTC derivatives nears $40 trillion JANUARY 1995 Treasury Secretary Rubin engineers a bailout of Mexico after peso collapse JULY 1997 Devaluation of Thai baht triggers ''Asian contagion,'' launching deflationary forces DECEMBER 1997 Annual inflation rate falls below 2% for the first time since 1986 E SEPTEMBER 1998 The Fed begins a series of three rate cuts to calm markets after Russian default JANUARY 1999 Europe introduces a single currency, the euro, touching off cross-border mergers MARCH 1999 The Dow Jones industrial average punches through 10,000 points SEPTEMBER 1999 The U.S. budget moves from deficit into surplus for the first time since 1969 FEBRUARY 2000: 107 MONTHS The expansion reaches record length, surpassing 1961-69 boom _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS The Boom COVER IMAGE: The Boom How Prosperity Is Reshaping the American Economy CHART: The Longest Boom Is Going Strong... CHART: ...Thanks to Higher Productivity CHART: The Market Soars... CHART: ...Americans Are Wealthier... CHART: ...And So Is Uncle Sam CHART: The Mood Is Upbeat CHART: Society Benefits... CHART: ...Though Not All Is Well TABLE: Origins of the Boom Clinton: Why the Good Times Keep On Rolling (extended) ONLINE ORIGINAL: "This Just May Be the Second or Third Inning" Why the Productivity Revolution Will Spread CHART: The Investment Leaders TABLE: Working the Web ONLINE ORIGINAL: "The Real Killer Legacy Is the Cultural Legacy" Commentary: The Risk That Boom Will Turn to Bust CHART: Unbalanced Growth...Rising Debt... CHART: ...Increased Reliance on Temp Workers...And a Bulging Trade Deficit CHART: Market Values Are Sky-High...And Margin Debt Is Soaring INTERACT E-Mail to Business Week Online

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