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What is panic of 1857?
a sudden downturn in the economy of the us. Over 5,000 buisnesses failed within a year. This happened when James Buchanan was president.
Could great depression return to the US due the recent economy downturn?
Sure. Without proper oversight of banks and other financial institutions it can always happen.
One reason why the US has become prosperous is its climate?
Yes and other things too such as its economy and well yeah climates.
What is the basic reason of downfall in US economy?
Gas Prices/War Profits
What was one reason the US dominated the world economy?
The united states was untouched by the devastation of war.
What are four reason the US is one of the leading countries in today's world economy?
it is good in technology rich goodly populated sells a lot
Why did the great crash move the us economy into a long depression?
The great crash was just one of the reasons that the US economy went into a long depression. The banks failing, and the decrease in purchasing power also had a part in leading the US into the long depression. The reason for this was that each economic issues fed into the next and there was no way to rebound.
What is a current issue in the US?
One of the top issues in the US right now is the 'Economy', or maybe I should say the FALLING Economy. Hopefully the "Bail Out Bill" will somewhat fix/boost the economy. One of the top issues in the US right now is the 'Economy', or maybe I should say the FALLING Economy. Hopefully the "Bail Out Bill" will somewhat fix/boost the economy.
What countries are being affected by the US change in economy?
In today's economic situation, where most countries trade internationally, the downturn in one market can put a damper on the rest of the markets as well. Today, the world's economic market is heavily influenced by America because Americans buy the largest amount of goods and services.
How did the automobile economy have a problem during the great depression?
During the Great Depression in the US, almost all businesses were hurt by this serious economic downturn. This included US auto manufacturers. With unemployment rates near 25%, car sales were hit hard, and as with other industries there were layoffs of workers.
Is Japan the largest economy?
No, the US is the worlds largest economy measured by one country. While the European Union is now larger than the US economy it consists of many different individual countries. If you count the European Union as one economy it would rank first with the US second and Japan third.
What does a down term in US economy mean?
Recession of the economy, or falling part of one economic circle.
