The United States Of America

In 2008, the American economy broke down. Known as the Global Financial Crisis, this is widely considered to be the worst financial crisis since the 1930’s when the stock market crashed and the Great Depression hit.

The recession of 2008 is also called the ‘Great Recession’, said to have begun in December 2007, and took a turn for the worse in September 2008, and it was a severe economic problem expanded globally. This recession affected the world economy, and is said to have been the worst financial disaster since the Great Depression. The decline in the Dow Jones this time was -53.8%. Since the official start of the recession in December 2007, and through June 2010 there have been about 2.3 million homes foreclosed in the United States. In 2012, the state with the most foreclosures in January alone was California, with 51,584 houses being repossessed. Unemployment during this collapse was 8.5%, and continued to increase to about 10% as of 2010. People’s reaction to this recession was a huge decrease in spending and borrowing from banks, but an increase in saving.

The Great Recession that began in 2007 introduced people to a feeling not since felt since the Great Depression of the 30’s and 40’s. It reintroduced a new generation to the realization that we cannot take anything for granted. It sprung up fears in a fearless population, and out of it born a stress like no other. We can harness that stress; we own it as individuals, employees, as employers, as caretakers of the future.

There are many research institutions that are quick to point the finger and blame one specific entity or event for the events that occurred during the economic decline in 2008; however, the entire situation cannot be put onto the shoulders of one company, or the faults of one industry. There were several causes that played into the financial crisis, but two causes stand out as the pre-dominant elements of the collapse of major financial establishments: manipulation of the housing market by two government-funded companies, and the greed of wealthy Wall Street bankers and investors who knowingly took advantage of the system.

The Southern States of America was made up of the following, Georgia with Atlanta as the Capital of the new union, Alabama, Arkansas, Florida, Mississippi, South Carolina, Louisiana, Tennessee and Kentucky. Although, Kentucky wasn’t a sure bet at this point, there was still a lot of work to do in that state.

Since the Great Depression of the 1930s, the United States of America has experienced many recession. The most recent of these recessions began December of 2007 and lasted till about January of 2009. Within the time period, the United States lost approximately 8 trillion dollars when the housing market collapsed causing chaos in the financial market led to a collapse in business investments. As consumer spending and business investments declined, it led to the loss of 8.4 million jobs which then caused major employment contraction doubling the unemployment rate from 5% to 10%. Fear began spreading among fellow Americans as their job and financial security was hanging from a small threat, which led to a drastic decrease in consumer spending.

From December 2007 to June 2009 the United States economy was confronted with its greatest challenge since the Great Depression. The financial crisis was so great that it was coined the term the Great Recession. Many factors contributed to the collapse of the U.S economy; such as, the financial crisis (2007–08), U.S. subprime mortgage crisis (2007–09), a shrinking Gross Domestic Product (GDP) growth rate and unpresented unemployment rates. A recent (2016) article in the Wall Street Journal entitled “Post-Recession Rethink: Growth Potential Dimmed Before Downturn” examines the economic aftermath of the Great Recession.

Following numerous events in the 1850’s and early 1860’s, eleven of the southern states of the United States of America would make a fateful decision to succeed from the Nation. They would in turn create their own independent country, the Confederate States of America. This action and its ramifications echoed throughout the world during the Era and the effects are still felt today. A civil war would ensue, lasting from April of 1861 until May of 1865. During this conflict approximately 700,000 people would lose their lives and the end would come with the Confederate States of America surrendering at Appomattox Courthouse.

The journey of how the United States of America became the United States of America is a very complex one. With America declaring separation from the Great English Empire, to the organization of becoming a free, sovereign nation and lastly, the migration and colonization of the now, western United States, including the great state of Nevada, has many components. The Declaration of Independence initiated the process of becoming a country of its own. This Document pushed the separation from England and showed the world that America was now its own nation. The United States Constitution laid out the blue print of how the United States would work. This was after a failed attempt of the Articles of Confederation. After the Constitution was created, the process of migrating west began in order to colonize the western region of the United States. Nevada had a big role in this because we helped President Abraham Lincoln gain a second term. The first chapters of the story of the Untied States of America were a dangerous, difficult and long one, but because of this, the people that live in this country today have the freedom of life, liberty and the pursuit of happiness.

The United States of America was founded on the basic principles and ideals that gave citizens a voice in the dictation of their country. The “We the People” mindset has been a clear example of the American citizen’s right to the ballot. This right was originally only given to white men. Not everyone was entitled to enfranchisement. Some citizens had to fight for their right to vote. Passed in 1870, just five years after the War Between the States, the 15th Amendment was passed, granting African American men the right to vote. While this was a huge step towards equality at the ballot box, a large portion of the population was still missing basic equalities. Women still were not granted the right to vote, and had no say in any political

As of December 2007, the United States fell into the worst economic recession seen in 60 years. This recession was caused by banks’ risky investments that were then were purchased and sold by investors without the customers knowing. This was a violation of the Glass –Stiegel Act. Even though so many corporations were practicing these shady deals, none were punished even though laws were being broken. Loans were given to people whether the bank thought they could pay it back or not. This became a huge problem for the banks because so many people were not able to repay the money that they borrowed. Banks were losing more money than what was coming in at the time. As less and less money was coming into the banks, they began struggling to stay

The Great Recession began in late 2007 and quickly spread throughout the world. The downturn provided continuous high unemployment, a spreading foreclosure crisis, and minimal consumer spending.The crisis threatened the viability of financial institutions with deep exposure to defaults and foreclosures (Love & Mattern, 2011). Bank after bank were either closing down or merging just to stay afloat. This led to banks reducing their lending which made it both difficult and expensive to borrow money. This fall in consumption and investment led to businesses decreasing labor which further hurt GDP and unemployment saw an all-time high. This effect was not only felt in the United States. Countries that had exposure to the US also suffered from the

The 2008 global financial crisis caused by the US mortgages market and extended to the whole world. Some banks and companies has forced to bankruptcy in this accident and some layoff employees, which increased the unemployment percentage, decreased the wealth and income of consumers and lowered the demand of products, so that the companies would layoff more employees, which becomed a vicious cycle. The accident affect not only the financial industry, but also other industries. After the accident happened, governments released polices to contain it, such as the Dodd-Frank Act. Different countries has fall into recessions in different

The United States of America is a state full of mixtures of beliefs on politics and much more. As a state, we started out with very traditional values in our culture. Our culture is focused on many things such as freedom but we are preoccupied with our rights due to the freedoms which puts limits on what we do as a state. Being a traditional state, we started out as a materialistic mind set rather than post-materialistic. As the United States has aged, the people and culture have changed to a more post-materialistic outlook on issues.

Almost right away, the United States had acquired a massive overseas empire. Some Americans expressed disbelief over the control of the Philippines, but expansionists wanted to join the entire archipelago. Believers of extension viewed the Philippines as a market in their own way and as the entrance to the markets of the East. Many Americans, including the president, were influenced by "the general idea of getting what we can get." After the treaty with Spain on December 1898, the United States of America did not force any quick action to take over the Philippines. However, United States of America had been trying to find ways of growing. They were searching for new markets, areas for refueling their ships and military bases to protect