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What caused the us recession in 2001?

Anonymous

∙ 16y ago

Updated: 8/22/2023

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.

Wiki User

∙ 11y ago

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What caused the recession in the US in 2001 to be mild?

The suspect lending practices was one of the causes of the recession in the US in 2001.

Is today's recession caused by AD shock or AS shock?

The Recession of 2008 was caused by an aggregate demand (AD) shock.

What caused the global recession?

George W. Bush

How much it will cost to relieve us from the recession?

It will cost about 850,000,000,000 dollars to relieve us fro the recession

What was the recession of 1919 and 1921 caused by?

the end of wartime employment

Related Questions

What caused the recession in the US in 2001 to be mild?

The suspect lending practices was one of the causes of the recession in the US in 2001.

What are the major factors that have affected US household consumption since the 2001 recession?

1. What are the major factors that have affected U.S. household consumption since the recession in 2001?

What are the names of the two banks in the US which caused the recession?

Lehman Brothers Naresh Singhmar

Is today's recession caused by AD shock or AS shock?

The Recession of 2008 was caused by an aggregate demand (AD) shock.

What cause current recession?

The current recession was caused by a failure of children to properly make their beds in the mornings.

What caused the global recession?

George W. Bush

What caused the recession in Europe?

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.

Are high gas prices causing recession?

No. Gas prices have not caused this recession. This is because of the severe credit crunch.

Are Secondary waves a Cause of a Earthquake?

No they ARE caused by the recession of the first wave which IS caused by an earthquake.

How much it will cost to relieve us from the recession?

It will cost about 850,000,000,000 dollars to relieve us fro the recession

Will the US go into recession?

It has.

What event caused the us invasion of Afghanistan in 2001?

9/11

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