Inflation remained stable. And the United States enjoyed the longest period of uninterrupted economic growth in modern history. The era was punctuated by the dotcom boom, which amounted to the creation of an entirely new industry.
The Nasdaq spiked sevenfold between and its peak in early The mania created vast amounts of wealth — much of which would disappear as the bubble inevitably popped. Investors who bet that a businessman in the White House would translate into strong returns were badly disappointed during President George W. Bush inherited the dotcom bust, which spawned the recession.
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This is a BETA experience. You may opt-out by clicking here. More From Forbes. Nov 11, , am EST. Nov 10, , pm EST. Nov 10, , am EST. While it is true that Trump has only been in office for three years vs. The Great Recession officially started in December , about a year before Obama became President and two months after the Dow 30 Industrials hit an all-time high of 14, US President Barack Obama.
It took from January until March for the Dow Industrials to regain its previous high. It then started a string of 50 new highs in and 38 in The Dow reached new highs the remaining two years while he was in office and another one in his last month.
It also rose by 13, points from its March low.
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