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Trade Deficit
Trade Deficit
Since 2001, the US's trade deficit with China has been increacing and has costed 2.8 million jobs. This has had a dramatic effect on U.S. workers and the domestic economy. -
Global Financial Crisis
GFCGFCIn 2007-2008, the US went into a huge financial crisis. It was one of the worst since the Great Depression. There was a downfall in the housing market, national governments had to save banks and the stock market collapsed. There was unemployment evictions and foreclosures. Too many people were boroowing money from the bank. (Budget) -
Bank Bailout
Bank Bailout Bill
The Senate passed a $700 billion bank bailout bill for the banks who risked defaulting. They took the debts off the banks and helped our global financial system. -
Obama Election
ObamaIn 2008, Obama was elected to be the 44th President of the US He planned on taking the nation in a new direction and incorporating his economic policy. (Leadership) -
Housing Bubble
Housing Bubble
Mortgage foreclosure rates in the United States rose to the highest levels since the Great Depressionin 2008. The housing markets were increasing the risk of a nationwide recession. -
Consumer Pricing Index
CPIProduces monthly changes is prices paid by Urban consumers. in 2009, The CPI showed the largest year over year decline since the 1950s. There were sinking energy prices. (Budget) -
Affordable Care Act
ACAconsumers are able to be in charge of their health care. People have more coverage and are now signing up for healthcare because it was more affordable (Leadership). -
Flash Crash
Flash Crash Digital currency's value has plugned and starting Bitcons "Flash Crash" on a single exchange. One trade made the price of Bitcon go down to about $309. -
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