The Recession Of The United States

The Great Recession was the general economic decline observed in world markets around the end of the first decade of the 21st century. The Great Depression was a severe worldwide economic depression in the 1930s.

Max: Hi I’m Max Lessins. This is Crash Course for economics and today we’ll be discussing the Great Recession, focusing on the fiscal and monetary policies used to recover from the 2008 economic meltdown.

In the United States, we encounter quite a bit of obstacles that we can’t seem to get rid of completely. We as a nation deal with inflation, unemployment, stagflation, recessions, depressions, and so much more. Reading these three articles opened my eyes to the world of economics, and even made me question the society we live in. I’ve learned that sometimes questions can’t be answered, and I learned that once we solve one issue, there is always another issue on its way. These articles made me analyze, and think about the future of economics, and what I can do to try and help the economy. These authors of these three articles make it very clear that there are issues in the United States, and they do an amazing job

The United States is not only one of the largest economies in the world, but it is also one of the strongest economies compared to industrialized countries, and this has been proven in the last few years. Despite of what many people believe or see, U.S economy is booming and it will continue to boom during the year 2015. In the article “When the U.S Economy is the Envy of the World,” published by the MSNBC on December 8, 2014, its author Steve Benen argues about the U.S economic recovery in order to persuade U.S citizens and show them the numbers that prove that our economy has recovered. Benen (2014) also encourage U.S citizens not “to compare the current economic recovery to other recoveries that followed modern downturns,” but “to compare our economic recovery against other countries who dealt with similar circumstances” because according to President Obama, the U.S “has put more people back to work” than any advanced economy in the world (qtd. in Benen, 2014). There are strong evidences that prove that the U.S economy is in its best year compared to three years ago. The growth of jobs, the slight increase of wages, and the low price of oil have truly helped the U.S economy recover.

America’s economy is a fading light in an endless void of blackness that is going to keep getting dimmer and dimmer until it sizzles out, and unless America realizes this and does something about it, American economy is doomed. Federal debt, lack of jobs, discouraged workers, jobs overseas, job loss, state and local bankruptcy, and reckless inflation all take a large part in the deteriorating of America’s economy. American’s have failed to acknowledge the growing crisis, and because of this, our economy is reaping the consequences. Each problem that America’s economy is facing is going to require a unique set of solutions and an army of problem solvers. Is fixing the United States’ biggest problem going to be easy? Of course it isn’t going to be easy. But it is possible? With every American working together to pay back our debt and end this economic apocalypse once and for all, anything is possible.

At the end of the 20th century, it was clear that the United States national economy was on a incline. The U.S began winning the worldwide arms race, holding 50% of the world weapons stockpile (Taylor 10). Capitalism, the main trademark of the United States economy, spread like a wildfire across the majority of the world (Taylor 10). To the uneducated ear, news like this sounds great; the United States is slowly taking over the world. However, this insane growth was actually poising the U.S. for an extreme downfall in the coming years of the early 21st century. The major downfall would come to be known as the worst recession in our history since the infamous Great Depression.

The United States is a country that over the years has relied on its economic stability to continue providing acceptable living for its citizens and continue its leadership of the free world. This country went through an economic depression which lasted several years throughout the 1920’s and the 1940’s but successfully recovered from it after World War II. An economic boom in the 1990’s during George Clinton’s Presidency the federal budget was managed to be balanced and helped increase the economic crisis of the United States. The recovery did not last long as the United Stated went through a huge recession during George Bush’s Presidency in what many experts called the “Great Recession” which affected many especially businesses and middle class citizens. Although today many consider the recession to be over the effects of it can still be felt today specially by many middle class families like my own. I come from a small family of three which includes my parents and me. My family comes from minimum wage salaries and have been part of same line of work for many years however, the amount of necessities the family can afford has definitely changed. For example, the amount of groceries you can buy nowadays with a $20 bill is much less than those of the 1990‘s. The price of gas has certainly gone up which has caused many companies to outsource jobs or close down. My dad was laid off his dream job due to budgets cuts while my mom’s working hours have been reduced. As a result my

During the great recession era that began in late-2007 and lasted until mid-2009, the labor market took a major loss. The reasons that caused the labor market to plummet during this time frame were due to unemployment, a decrease in income and lack of education. Despite the efforts from the government to help as much as possible, the labor market had taken the worst hit and was at its lowest since the last three decades. It is important for everyone to understand what a weak labor market can result in. In this paper, I will discuss these findings and what impact they had on the labor market to weaken it to such a low point.

The recession of 2007-2009 played a great roll in how many companies in the United

Ever since the Recession of 2008, the process of acquiring employment has become extremely challenging and exhausting. After months of searching, a significant amount of job seekers are willing to accept any job offers that will allow them to put food on the tables. If you follow the United States’ economic recovery, you probably know that there are about 10.5 million unemployed Americans and constant debates about how to create more jobs. What you may not know is that there are actually four million open jobs waiting to be filled. So how is it possible and who is there to blame?

My government would handle an economic recession simply by promoting and reducing different things. Promoting exports and promoting investors are two major ways my government would handle an economic recession. The government should promote export, trade and business process in order to reduce the deficit of acute and sharp balance of payment. The government should promote and appreciate the local and foreign investors in order to increase in investment and for the establishment of the financial position of the country. Reducing unemployment and inflation are two more ways my government would handle an economic recession. The government should open new factories and industries at as many places as possible. Unemployment should be reduced at

economy that persists to this day. The housing market was the primary cause of the recession

Economists use the term “potential output” or “potential gross domestic product (GDP)” to describe the economy’s maximum sustainable level of economic activity as determined by growth in the potential labor force and growth in labor productivity. The potential labor force, in turn, grows through native population growth and immigration, while labor productivity grows through business investment in tangible capital (machines, factories, offices, and stores) as well as investments in R&D and other intangible capital. Improvements in labor quality through education and training can also boost productivity, as can improvements in managerial efficiency or technology that allow businesses to produce more with the same amount of labor and capital.

The economic recession of 2009 pushed some financial institutions to bankruptcy. The banking industry was also a victim of this economic hardship. Some solid institutions like Bank of America, Trust Bank, and Wells Fargo take over other banks for different reasons: market power, diversification, cost savings, and external growth. These banks acquire all the assets and the liabilities of another bank. These banks obtained the property rights and new market power. This research paper is to look at the economic advantages of the merger and to make some predictions.

Institutions have been affected by the recession. These institutions sort new opportunities for making profit and sustaining their activities. One type of institution that has been greatly affected is the university institutions. These institutions have been affected, as a result, of cutbacks in terms of funding by the state government attributed to the recession that caused economic turmoil in the country. These cutbacks by the government affects universities countrywide resulting to them reducing their own spending and finding alternatives that would help sustain them. Nobody State University is one such university that has been struggling to increase its revenue (Malcolm & McMinn, 2013).