Account for the American economic boom of the 1990s. What factors cont

Account for the American economic boom of the 1990s. What factors contributed to the unprecedented prosperity?

What will be an ideal response?

ANSWER
Consider: sharp decline in price of basic commodities such as oil; restructuring of American businesses in the 1980s and early 1990s; slowdown of rivals’ economies; rising incomes and declining interest rates at home; growth of new computer and communication technologies.