The Analysis On The Stock Market Bubbles Of The U.S.A. In The1990s

The economy of U.S. has a huge impact on economy of the whole the world. The stock market bubble of the U.S. happened frequently in history had a significant impact on the process of the world economy. In the1990s, because of the common function of a variety of reasons, the U.S. stock market formed a big bubble. The bust of the bubble not only ended the prosperity in the Clinton period directly, but also produced profound influence on the U.S. economy in the21st century. Although the immediate harm on the U.S. economy caused by the bubble was less than the stock market bubble in1929, but turned out some deep-rooted contradiction of U.S. economy from the1970s. At the same time, the bubble also exposed some abuses in the U.S. free market economy system and revealed the negative impact on the financial markets and economic development caused by the new liberalism policy which was pushed by the United States government since the1980s.This paper tries to analyzes the process and causes of the formation of the United States stock market bubble in the1990s from the macro, meso and micro, making combined with the historical process of macro and specific economic data，and investigates some deep-rooted contradictions and problems of the contemporary American capitalist economy.