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Budget--¨housing bubble¨ burst
The collapse of the ¨housing bubble¨, or real estate field, happened because of consumers with a lot of credit. Larger and larger mortgages became popular and because of this, there were many foreclosures, bringing down the value of homes. This event is a result of monetary and fiscal policies.
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Leadership--unemployment rate
At this point, about 10% of the population in the United States was unemployed. This is incredibly significant because a 10% unemployment rate was the highest that it had been since 1940. This event is a result of monetary and fiscal policies. [Link text]http://www.multpl.com/unemployment/table -
Trade--US importing more than exporting with China
China is the U.S.’s biggest trade partner and is creating a big trade deficit in the U.S. The government is exporting goods of about a third of what it is importing from China; therefore leaving the U.S. in debt. The US exported 10,936 and imported 31,420 leaving USA in -20,484 dollars worth of debt (Figures in millions). This event deals with fiscal policies. Link text -
Savings--credit debt
The Federal Reserve released data on American credit card debt and the total reached $935.6 billion. Bloomberg Business notes states that this is number has grown $100 billion since 2011. An American , on average, between the ages of 18 and 65 has $4,717 of credit card debt. This event deals with monetary policies. Link text
