Economic Conditions in the US

A nation’s economy plays a vital role in how a nation operates. The United States economy faces a large variety of problems in this paper; we will focus on 4 major economic problems, unemployment, inequality, federal debt, and the financial/credit market. All four issues are interconnected in some way with deep social and economic implications. These issues were emphasized during the Great Recession that hit the U.S. economy in 2007.In the following paper, we will look at each of the four topics individually as well as look at how each plays a significant role in one another’s overall impact on the U.S. economy as well as individuals in the United States. The United States plays a crucial role in the world economy, meaning that every issue and difficulty faced the United States economy has implications far outside the U.S., understanding how these issues relate to one another sheds insight into just how connected every area of the economy actually is.

The health of the current U.S. economy appears to be growing gradually. The second quarter real GDP growth was 3.7% and the unemployment rate declined to 5.3%. The U.S Federal Reserve (Fed) is expected to raise interest rates in the near future when it sees clear signs of strong economic growth and improvements in the job market.

Today Brazil with a GDP of $2.533 trillion is the 7th largest economy in the world and it is also considered as one of the most successful emerging countries. Despite all predictions, thanks to its huge domestic market and agriculture, the country maintained its growth in 2009 and 2010.

For my term paper, I am going to answer advanced question number 17 from chapter 6 on page 198. Within a few days after the September 11, 2001, terrorist attack on the United States, the Federal Reserve reduced short-term interest rates to stimulate the U.S. economy. How might this action have affected the foreign flow of funds into the United States and affected the value of the dollar? How could such an effect on the dollar have increased the probability that the U.S. economy would strengthen? (Madura, 2011) I will briefly describe about September 11 attacks in the following paragraph.

The American System transpired after the War of 1812. The need to protect the United States economy against outside influence and control became evident. A group of politicians, led by Henry Clay and John Calhoun developed an economic plan that believed that the federal government should encourage economic enterprise. The center of this new plan wanted to keep American products in the United States. The American System fell under the Market Revolution, where economic and social changes took place between the years 1812 - 1868 (Schultz, n.d.). They felt the federal government should encourage internal enterprise by creating internal improvements, establish secure economic institutions, and high tariffs. Internal improvements consisted of creating new ways to move goods

Throughout history, the United States has experienced many drastic changes with regards to the economy. Various economic issues, including detrimental working conditions and an overflow of immigrants into the United States, played a significant role on the country’s economic shift. Initially, the U.S. relied on agricultural features for economic growth. After the end of the Civil War, the economy, from an industrial aspect, began to thrive. Many causes and consequences resulted in the dramatic shift.

Brazil is a leading emerging economy in the world today. Other economies in this category include; Russia, India, South Africa and china excluding Hong Kong and Macau. There has been a real transformation in the Brazil economy in the 21st century. The country 's location is in Latin America and is one of the motivating economies in the world market. It has experienced rapid growth, price stability, and fiscal responsibility (Czinkota 2010).

Although the economy is working out well for some people, the value of the dollar should be increased or the prices of goods be lowered to support lower income families. Some people have a lot of extra money to go out to places, or get a new car, or sometimes even move houses, but then there are low income families that are living paycheck to paycheck, and it is a special occasion simply to go out to dinner. According to Kairoscenter, “The official poverty rate is 14.5%, meaning 45.3 million people in the US live in poverty, up by over 8 million since 2008. An additional 97.3 million (33%) of people living in the United States are low-income, defined as incomes below twice the federal poverty line, or $47,700 for a family

Over the course of Americas 239 years of existence it has had so many different ups and downs in its economic center ranging from the highest of its ups in the roaring twenties to one of its lowest lows in the recent great recession. It impossible to be able to completely guess what the united states economy is going to do next but with the help of a few monitors we are able to estimate where America is at this time and make as good of a guess on where it is going than ever before. With these tools we can see that the United States is on a steady incline shown through the improvements in the Gross Domestic Profit, low inflation, the rising labor market along with the Manufacturing & Trade Inventories & Sales tool.

Located in South America, Brazil has the seventh largest economy in the world with its nominal GDP. Brazil’s economy is the biggest in Latin America and ranks second in the Western hemisphere, following the United States. Brazil’s GDP is 2.246 trillion USD. With a population of 200.4 million, Brazil has a GDP per capita of 15.9 thousand ranking 71st in the world.The currency of Brazil is the Brazilian Real.

While the Spanish and Portuguese were first to establish their empires in the new world, Great Britain is seen as the most successful colonization effort. Great Britain began its expansion in the seventeenth century and reached its pinnacle in the nineteenth century. The original thirteen colonies established in North America primarily defines this expansion. These colonies would grow and through revolution, would eventually grow to become the United States of America.

Economic Ailing: Since Rousseff’s reelection, the Brazilian Real has fallen significantly against the U.S. Dollar and the economy is still struggling, despite the record low unemployment. Rousseff’s administration will need to address the stagnant economic growth quickly, which is currently making investors and companies anxious about the short term.

The Republicans dominated Congress to take over the government passing a series of acts that limited the power of the President and Supreme Court. Many former slaves were able to buy land and do more. Farmers found it hard because they didn’t get the hard working labor force any more.

The current rate of GDP growth, according to the Bureau of Economic Analysis, is 2.7% (for Q3), and it was 1.3% in Q2 of this year. This rate reflects relatively slow growth, with challenges remaining in the domestic market and with sluggishness in Europe suppressing exports to that region. The rate of GDP growth is predicted to slow to a decline of 0.5% between Q4 2012 and Q4 2013, the US re-entering recession, according to the Congressional Budget Office's projections. These projections are based on the provisions of the Budget Control Act being enacted, though any observers are doubtful that this will occur.

Economic – According to the U.S. Census the average median income per house hold in Bedford County is $57,596. The average house is sold for around $195,400. This reveals the county to be in a fairly stable economic state. Many people may be comfortable with their situation and have no needs for extra things.