How the “Great Recession” Affects U.S. Economic System

Topic 

How the “Great Recession” Affects U.S. Economic System

Instructions 

Write about How the great recession impact on the U.S. economic system.

Answer Preview 

The “great recession” occurred between December 2007 and June 2009, marked by the loss of eight trillion in the housing sector. The inclination resulted in wealth loss and subsequent reduction in consumer spending as well as a crisis in the financial markets. The U.S economy continued to diminish until 2009, after the main banks and the housing market collapsed in 2008. As a result, the United States administration devised a remedy measure whereby it spends $ 700 billion in purchasing the assets linked to the troubled mortgage system (Jan 2015).

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