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This event, althought it didn't affect America, was still important. This event happened on the first day of the new year and was foretelling for howe european trade would go in 1993.
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US officially backed the peace plan in Bosnia. This approval from the US made sure that the US would not have to be involved in the conflict that was growing in Bosnia.
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The February 1993 bombing of the World Trade Center in New York City marked the beginning of an ugly new phase of terrorism involving the indiscriminate killing of civilians.The World Trade Center bombing was motivated by the desire to kill as many people as possible. The target of the bomb plot was the World Trade Center (WTC) complex, a sixteen-acre site in lower Manhattan... Although the explosion killed six people and injured more than 1,000 the consequences could have been far worse.
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The verdict was read on the 1991 beating of Rodney King. The Rodney King beating led to major riots all thoughout 1992. This verdict helped calm the streets of LA and peaceefulness was able to be resumed. LA is a major economic city in the US, and it was good to have the city back to normal.
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This event was just further proof for Americans of how strong the economy was. The Nasdaq and the Dow Jones were both booming and this led to an increase of confidence to invest in the stock market.
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NAFTA is the North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that has been in effect since 1 January 1994. The agreement was designed to increase trade among the three nations by reducing or eliminating restrictions on commerce, such as tariffs and import quotas.
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The Supreme Court of the United States rules in Campbell v. Acuff-Rose Music, Inc.that parodies of an original work are generally covered by the doctrine of fair use. This event would have a huge effect in the future.
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MLB offically cancels the 1994-1995 season. This event is predicted to cost the MLB 750 million dollars. Also, it affected everyone associated with the MLB very negatively.
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President Clinton signs the assault weapons ban. This affects gun sales in a major way. 35% of all gun sales up to this point were considered assault weapons.
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The first conference devoted entirely to the potential of the world wide web is held. One of the first times where people and businessmen realize the potential power of the internet.
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This event becomes a massive financial meltdown in Mexico, unleashing the 'Tequila' effect on global financial markets. This prompts a US$ 50 billion 'bailout' by the Clinton Administration.
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The World Trade Organization replaces the General Agreement of Tariffs and Taxes as the organization that intends to supervise and liberalize international trade.
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The Dow Jones Industrial Average gains 30.28 to close at 4,003.33 – the Dow's first ever close above 4,000..... The American Economy is BOOMING!
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Yahoo is founded, by Jerry Yang and David Fihlo becoming the first search engine ever.
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Timothy McVeigh sets off bombs in Oklahoma City killing over 160 people and causing more than 650 million dollars in damage.
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The Nasdaq Composite index closes above the 1,000 mark for the first time.
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Microsoft releases Windows 95. Windows 95 was a major success in the marketplace at launch and shortly became the most popular desktop operating system. It also introduced numerous functions and features that were featured in later Windows versions, such as the taskbar, the 'Start' button, and the way the user navigates
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eBay is created. eBay makes is easier to shop online and is still today one of the most visited websites in the world.
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Toy Story is released, becoming the first ever full length computer animated feature film.
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The first console in the Nintendo gaming franchise is released. Considered a major breakthrough in video games.
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1996 Summer Olympics begin in Atlanta. Atlanta sees a major rise in tourism.
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Steve Jobs' company NeXt is bought by Apple Computer. Apple computer company would then grow into a giant in the upcoming years.
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The Dow Jones Industrial Average gains a record 337.17 points, closing at 7,498.32. One billion shares are traded on the New York Stock Exchange for the first time ever.
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The United States Senate passes Resolution 71, urging U.S. President Bill Clinton to "take all necessary and appropriate actions to respond to the threat posed by Iraq's refusal to end its weapons of mass destruction programs.
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Microsoft releases Windows 98. To this day, it is still the highest grossing Windows of all time.
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The bombings of the United States embassies in Dar es Salaam, Tanzania, and Nairobi, Kenya, kill 224 people and injure over 4,500; they are linked to terrorist Osama Bin Laden, an exile of Saudi Arabia.
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Google, Inc. is founded in Menlo Park, California, by Stanford University PhD candidates Larry Page and Sergey Brin. It remains the worlds largest search engine.
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President Clinton is aquitted in his impeachment proceedings in the US sneate. The US can now get back to business.
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Y2K consumed not just the nation, but the wholeworld. The computer industry went into a frenzy as many people worried if their computer would adjust to the new millenium.
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America Online announces an agreement to purchase Time Warner for $162 billion (the largest-ever corporate merger).
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The U.S. Supreme Court stops the Florida presidential recount, effectively giving the state, and the Presidency, to George W. Bush.
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George W. Bush signs the Economic Growth and Tax Relief Reconciliation Act of 2001, the first tax cut of a series now known as the Bush tax cuts.
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2,996 people are killed in the September 11 attacks at the World Trade Center in New York City, the Pentagon in Arlington, Virginia and in rural Shanksville, Pennsylvania after American Airlines Flight 11 and United Airlines Flight 175 are hijacked and crash into the World Trade Center's Twin Towers. Panic spreads throughout the US like an epidemic. Airports are closed down!
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The iPod was first introduced by Apple. The Ipod later becomes one of Apple's best products.
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President Bush signs the Patriot Act into law. The act, as a response to the terrorist attacks of September 11th, significantly reduced restrictions in law enforcement agencies' gathering of intelligence within the United States; expanded the Secretary of the Treasury’s authority to regulate financial transactions, particularly those involving foreign individuals and entities; and broadened the discretion of law enforcement and immigration authorities in detaining and deporting immigrants suspe
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The corporate income tax was reduced from 30 per
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The 2002 Winter Olympics are held in Salt Lake City, Utah.
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U.S. invasion of Afghanistan: In eastern Afghanistan, Operation Anaconda begins.
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U.S. President George W. Bush signs the Homeland Security Act into law, establishing the Department of Homeland Security, in the largest U.S. government reorganization since the creation of the Department of Defense in 1947,
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Social security and unemployment benefits increased by 3.2 per cent.
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Child benefits increased by 2.75 %
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The Iraq War begins with the invasion of Iraq by the US and allied forces. This War would end up hurting the US economy immensly.
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US. forces seize control of Baghdad, ending the regime of Saddam Hussein.
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The Human Genome Project is completed, with 99% of the human genome sequenced to 99.99% accuracy.
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Creator Mark Zuckerburg launches Facebook. In over 5 years, it becomes one of the most popular social media sites ever,
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On June 1st the Central Bank announced an increase in its base rate of 0.25 per cent to 5.75 per cent, effective as of June 8th
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President Bush wins re-election by defeating Senator John Kerry. Many people found this oustanding considering how poorly the economy had been doing while Bush was in office.
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George W. Bush is inaugurated in Washington, D.C. for his second term as the 43rd President of the United States.
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YouTube, the most popular video sharing website, is founded.
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Hurricane Katrina makes landfall along the U.S. Gulf Coast causing severe damage. At least 1,836 die in the aftermath.
