In the 1990s, technological advances stimulated global trade and transformed the economy. Factors such as automation have led to a decline in production activities.
The 1990s were remembered as a time of strong economic growth, continued job creation, inflation, productivity growth, economic growth, and stock market growth caused by a combination of rapid technological changes and sound financial policy in the middle.
Technology products are said to have begun to flourish in the early 1990s. Such items are personal computers, cell phones, and the World Wide Web.
This may be largely due to President Bill Clinton's policies.
On the other hand, the agricultural sector declined slightly as it was less emphasized in management economic policy.
Thus, the areas which saw growth were trade and commerce whereas there was a decline in the production activities.
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