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Article: Yankee Ingenuity - New England cut taxes, controlled costs, and used high tech to diversify its economy.
- Article from:
- The World and I
- Article date:
- August 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 News World Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While it's true that New England's rich history and natural beauty draw thousands of visitors each year, it's also true that the six-state region has often weathered economic crags rivaling its rocky coasts. New England suffered one of its most severe recessions over the period 1989--1991. That it rebounded fully is evidence of the region's economic resiliency.
Why was New England hit so hard?
For the country as a whole, the recession ended in 1991. What followed was an economic boom fueled largely by the spread of personal computers and networks and by the expansion of the Internet. Initially, New England (Connecticut, Maine, Massachusetts, New ...