HISTORICAL EVENTS

Historical Events

Historical Events

1999: The world`s population exceeds Six Billion. The Wars in the Balkans continue to cause suffering in the region, but both sides do come to the table and a peace is agreed. The world prepares for the new millennium parties and computers around the world run testing for the millennium bug which could cause wide scale disruption to business and infrastructure if not fixed (Butterfield, 2000). The take up of the Internet and Mobile Phones around the world open up new opportunities for successful entrepreneurs.

Cost of Living 1999

How Much things cost in 1999

Yearly Inflation Rate USA 2.19%

Year End Close Dow Jones Industrial Average 11,497

Interest Rates Year End Federal Reserve 8.50%

Average Cost of new house $131,750.00

Average Income per year $40,810.00

Average Monthly Rent $645.00

Cost of a gallon of Gas $1.22

Average cost of new car $21,050.00

US Postage Stamp 33 cents

1 LB of Bacon $2.59

Ground Coffee per IB $3.41

Loaf of Bread $1.49

Dozen Eggs 89 cents

Events 1999

Indonesia

Democracy restored to Indonesia

U.S.

Ford Acquires Volvo

Turkey

2 Devastating Earthquakes kill 14,000 people in Turkey

NATO

Serbs accelerate ethnic cleansing of Kosovo Albanians leading to a NATO bombing attack

Northern Ireland

New multi party assembly in Northern Ireland meets restoring self rule after 22 years (Bumsted, 2000).

European Union

European Union bans Beef Imports from the US over the widespread use of growth hormones

World

The human population of the world surpassed six billion.

European Union

Euro currency introducedon 1st January in 11 countries.

UK

Great Britain Introduces the Minimum Hourly Wage Rate of all adults must be paid at least £3.60 an hour

World

Bertrand Piccard and Brian Jones circumnavigate the world in a hot air balloon without stopping.

U.S.

A F5 tornado slams in Oklahoma City, Oklahoma killing 38 people

Hurricane Floyd a Category 4 storm with winds in excess of 140mph strikes North Carolina causing 56 deaths ...