We were in the years 2003 + pulling ourselves out of an economic slowdown by lowering the interest rate, and loosening loan requirements. It wasn't just housing! In short, there was a huge money flow from abroad to finance our recovery, on the mistaken belief that the US economic boom would continue, Of course, those banks and financial institutions in foreign countries thought in time, their investments would increase in value, and could be sold. The opposite happened, and now there is a world wide credit freeze. == The economies of the world are intertwined and what happens in the US affects every country in the world. The US economy is approximately 30% of the the world economy, so anything that happens in the US will affect everyone. The US is the worlds largest importer and either the largest or second (Germany) largest exporter.
it increased wages
People are important because we affect the world a lot. We affect it naturally because we have the biggest affect out of all the living things in our economy but also because we are the superior beings.
The difference between internal economy of scale and external economy of scale is that internal economies of scale come from within the business ; external economies come from or affect the world outside the business.
After World War I, the American economy boomed for a decade. Part of it was profit from the war, but it was largely based on people purchasing products on credit and owing a great deal of debt. This caused the economy to seem successful, although it would inevitably crash.
Technology developed during the war was used for consumer products.
it increased wages
the factory where close but the men that work on the job fail to complete the economy
it caused the economy to go down
it increased wages
it increased wages
it increased wages
Yes.
it was just dumb
it increased wages
It will help the economy
it increased wages
The economy was better because the president donated a large amount of money for war supplies.