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9/11
Trade with the united states and other nations was cancelled after two planes hit the world trade center buildings. It caused global stock markets to drop sharply and resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever. -
Global Financial Crises
Threatened the collapse large financial institutions. banks, trusting no one to pay them back, simply stopped making the loans that most businesses need to regulate their cash flows and without which they cannot do business. -
Obama coming into Presidency
Obama came into office and while in office, the employment rate has gone down, our deficit has gotten better, bankruptcies have increased, housing is doing a little bit better, and the stock market has gone up. -
Household Income Decrease
In 2009, the average income of households has decreased, causing more debts in each household. Because of the increase of debt, consumers have started to save more and not buy new products. Each percentage point increase in the savings rate would reduce spending by more than $100 billion. -
How Savings are Saving the Economy
Earlier, people would use credit as their savings account. But that is not what it is used for. So, people started to learn to get rid of credit and actually have a savings account. Higher savings reserves mean that consumers have cushions that can help absorb overwhelming expenses without digging the hole deeper. -
China bringing down U.S. trade, income, and jobs
China has put us into a trade deficit causing the U.S. to lose manufacturing jobs and billions of dollars in trade. Meaning, we are importing for China more than we are exporting. But, even if trade were balanced, U.S. workers would still lose, because we export low-wage products to China, and import high-wage products. -
Impacts of Agricultural Trade on the US Economy
U.S. agricultural trade had a positive effect on all sectors of the economy in 2013. The farm sector’s $73.4 billion of output associated with agricultural exports more than offset the $36.0 billion of farm output implicitly lost because of agricultural imports. The United States achieved a net gain of $6.3 billion from direct agricultural trade. -
Fiscal Year 2016 Budget Plans
President Obama has recently announced his plans for what he will do with the budget for this upcoming year. With this money he plans to focus more on families and the individual. He plans on bringing up the middle class into a more stable and comfortable living environment. He also plans on using his money to help the future of America by making sure everyone has a more equal opportunity for quality education as well as giving parents the opportunity to not have to choose between working all ni
