Transforming American Society

The decade of the 1990s was a period of great economic growth and technological advancement in the United States. Computers stood at the center of the technological revolution of the late twentieth and early twenty-first centuries, allowing both small and large businesses to reach new markets and transform the workplace. Digital technology also altered the personal habits of individuals in the way they worked, purchased goods and services, communicated, and spent their leisure time. As the Internet and World Wide Web connected Americans to the rest of the world, corporate leaders embraced globalization as the key to economic prosperity. They put together business mergers so that their companies could operate more powerfully in the international market. Government officials generally supported their efforts by reducing regulations on business and financial practices, thus encouraging greater risk taking and easing the way for freer trade overseas. Globalization not only thrust American business enterprises outward but also brought a new population of immigrants to the United States.