Why did the united states economy go into a recession in the early 1990s?

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Jaydon Chung

12 February, 02:38

Why did the united states economy go into a recession in the early 1990s?

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Twizzler · Answer 1

Throughout 1989 and 1990, the economy was weakening as a result of restrictive monetary policy enacted by the Federal Reserve ... The immediate cause of the recession was a loss of consumer and business confidence as a result of the 1990 oil price shock, coupled with an already weak economy.