Unformatted text preview: Spending as a percent of GDP then increased from 1990 to 1992 in response to the first Persian Gulf War and a mild recession in 1990-91. Then spending as a percent of GDP decreased from 1991 to 2000, the great economic expansion of the U.S. economy. Then, the world changed on September 11, 2001 and government spending as a percent of GDP began to increase in response to the 2001 recession, as well as wars in Afghanistan and Iraq that are still ongoing as well as wars in Afghanistan and Iraq that are still ongoing. 8...
View Full Document
- Fall '10
- Cold War, Gdp, federal government spending