The U.S was busy signing treaties with all its neighbors and old enemies as the economy boomed through the 1990s. In 1998, as the stock market approached an historic top, Al Gore even signed the Kyoto treaty.
Things began to drastically change after the stock market topped in 1999 and the dot-com bubble soon burst with $5 trillion in market value disappearing. Shortly after the new President Bush denounced the support of the Kyoto treaty and the U.S. became more exclusionary.
9/11 hit after the Dow Jones began falling relatively rapidly having lost 15% in less than 4 months. Overall the stock market was still in a larger downward trend from the 1999 top. The trend continued down after 9/11 and the ‘Us & Me‘ mentality ensued.
Both Hilary Clinton and George Bush announced ‘You’re either with us or against us’. Bush approval ratings exceeded 90%, the highest approval of a president since the end of World War II.
As much as Bush went out of office with low approval ratings, back then he was incredibly popular, a reflection that the general U.S. population agreed with the ‘Us vs. Them’ mentality and were also concerned for their own safety.
Was it simply coincidence that all of this happened following and during a downward trend in stocks that started in 1999 and didn’t bottom until 2003?
- The Time of “Us & Me”, Not “You & We”?
- The Roaring Twenties, 1929 Stock Market Crash & Great Depression
- The Rise & Fall of the Klu Klux Klan
- The 60s Peace Movement & the Slump
- “You’re Either With Us or Against Us”
- EU Break Up & Racist Political Parties
- Predict Social & Cultrual Trends Using Stocks & the Economy