There was a recession in 2001. Part of the reason was the terrorist attacks against the United States. Prices sagged on the stock markets, business earnings declined causing unemployment to rise. This in turn slowed down consumer spending.
The suspect lending practices was one of the causes of the recession in the US in 2001.
The Recession of 2008 was caused by an aggregate demand (AD) shock.
George W. Bush
It will cost about 850,000,000,000 dollars to relieve us fro the recession
the end of wartime employment
The suspect lending practices was one of the causes of the recession in the US in 2001.
1. What are the major factors that have affected U.S. household consumption since the recession in 2001?
Lehman Brothers Naresh Singhmar
The Recession of 2008 was caused by an aggregate demand (AD) shock.
Recession.
The current recession was caused by a failure of children to properly make their beds in the mornings.
George W. Bush
No they ARE caused by the recession of the first wave which IS caused by an earthquake.
No. Gas prices have not caused this recession. This is because of the severe credit crunch.
Usually, the reason for a recession is too much gain. In fact, just before the recession in Europe (and the US), these areas were experiencing massive ups in economy. In basic terms, it was just growing too fast to contain and the bubble popped, so downhill it went.
It will cost about 850,000,000,000 dollars to relieve us fro the recession
the end of wartime employment