US Macroeconomics

The United States had the world's largest national economy and most diversified economy—not including the benefit of colonial empires—since the 1890s.

GDP, Gross Domestic Product, is the easiest number to base an economy off of. America’s GDP is by far the highest in the world. Not only does America beat China by a mere 7.3 trillion dollars but it also has the entire European Union beat by over 2 trillion dollars. This is an absolutely incredible feat considering America is neither the biggest nor most populated country in the world yet it produces far more goods and services than anyone else. Taking up nearly 25% of the world's GDP the entire globe runs through the American Economy. America, however, the biggest economy it’s not the most

In December of 2007, the United States entered a recession that was ignited by the global financial crisis. A recession is a period of decline in economic activity. The Great Recession, as Americans referred to the recession of 2007, was the longest recession since the Great Depression (Homan & Matthews , 2008). With inflation occurring and the housing market in shambles, Americans struggled to live during this horrific period in U.S. history. Millions of Americans are out of work, and U.S. companies are hesitant to hire employees. Lawmakers change financial policies to provide recovery to the country. The financial bailout is used to aid banks and states to build infrastructure. The Federal Reserve is printing money at an all-time high

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.

According to the annual rankings released by the IMD World Competitiveness Center, the United States has the most competitive economy in the world, when taking into account economic performance, efficiency of business and government, and infrastructure. The U.S is among the largest exporters of goods and services. Exports since the recession have taken off.

The American economy has suffered the deepest and most protracted recession since the Great Depression. The financial crisis that began in the fall of 2008 had enduring effects on economic performance. In the first quarter of 2009, real gross domestic product (real GDP) fell by 6.4 percent. Real GDP fell for four straight quarters, from third quarter 2008 through second quarter 2009. The good news is that we have enjoyed more than three years of uninterrupted economic growth (Real GDP) and falling unemployment since the recession ended in June 2009. Economic growth (real GDP) has averaged less than 2.1% since the recovery began July 2009 and is have slowed to less than 1% in the

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.

As you all know, the United States of America is undergoing the most severe economic period since the Great Depression of the 1929-1933. Like then, the current economy is linked to several internal concerns, but is also influenced by several external features, mostly revealed by its economic relationships with the various international partners. At this level, it is necessary to understand the national economy as the intersection of national politics, national economic affairs, but also global politics and economy. Today, in the era of globalization, not the United States or another country, can live and function in an isolated context.

The current economic-financial crisis was indeed caused by the simultaneous occurrence of events in different parts of the world that all had a negative effect. These events are subtly different and therefore it is common that only one event is held responsible for the crisis. In reality, the world economy became critical due to the mix of four major events: 1) the unrestrained greed of financiers in the U.S. and U.K., which transformed bad mortgages into toxic financial assets 2) the habit of getting deeply indebted in the U.S. and U.K., 3) the excessive liquidity in Europe, 4) the real estate bubble in the U.S. and some European countries (Thomas, 2011) At the beginning of the financial collapse in the United States, many commentators, among which was the President of the Federal Reserve, hastily affirmed that the situation would only affect the United States and at most, the UK, where the banks,

The 2008 financial crisis and the recession that followed were the most severe the United States ever had. The 2008 financial crisis must be discuss as well as what the government did during the recession which led to the slow recovery. First, there are three major types of financial crisis: banking, debt and currency however there is no universal definition of a financial crisis. The 2008 financial crisis was a banking crisis, it actually started in 2007. Many experts on financial crisis have defined a banking crisis as “severe stress on the financial system, such as runs on financial institutions or large-scale government assistance to the financial sector” (Sanders 11). The reason for the 2008 financial crisis and the recession which followed started wat before experts realize there were issues in the financial sector. The government must intervene in a financial crisis to avert disruption of the

The 2008-2010 recession is viewed by many Americans as more severe compared to the 1930s Great Depression. This recession threatened the stability of financial institutions, and a severe drop of stock markets. The crisis facilitated the collapse of key businesses such as the housing sector; consumer wealth declined as well as a downturn in economic activities. The consequences of the recession were negative, and they threatened the stability of major economies. All the faulty monetary and fiscal policies had to be developed for purposes of saving the American economy. The outcome of the recession was so severe that identifying appropriate solutions seemed to be an impossible task. However, the presence of the Federal Bank helped solve the great mystery that was damaging the most economies’ economic well-being. The knowledge of the Federal Bank’s action plan is vital since such challenges may be experienced in the future.

As a global economic leader for centuries, the America has thrived, based largely on the principles of personal responsibility, entrepreneurialism and free market capitalism.

The United State's economy is the largest across the globe and has an impact on every nation across the globe. In 2011, the Gross Domestic Product of this nation was approximated to be more that 15 trillion dollars. This is nearly a quarter of the world's Gross Domestic product. The United States has a mixed economy though the nation has managed to sustain an upward trend of its Gross Domestic product. The rate of unemployment in the United States can be said to be moderate as compared to other nations across the world. The US has also invested heavily in aspects such as research and this is a good thing. The United States has managed to sustain a steady economy since the late nineteen century. Immigrants across the globe have moved to the United States because of the nation's labor market. The rate of migration is also highest in the United States as compared to other nations in the world. Interest rates have largely affected the banking and real estate businesses. Interest rate can simply be defined as the price incurred when money is borrowed.

The financial crisis started in the USA because of subprime mortgage crisis in 2007. As a consequence of it, a credit crunch was originated and it quickly spread from the real state sector to other sectors, and furthermore, from USA to other countries. This caused a series of financial and economic crises like the collapse of housing markets in Europe, the global stock markets, global financial systems and markets, along with a lot of large banks and financial institutions, as (Sun, et al., 2011) explained.