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Earn +20 ptsQ: What caused the recession in the US in 2001 to be mild?
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What caused the us recession in 2001?
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.
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
How severe was the recession in 1998?
There was no recession in 1998. See the NBER website for US data.
Why did the US economy collapse in 1920?
The United States economy was in recession due to the spending of World War I during the 1920s. This caused the Depression where there was a decline in real products.
How Is the US Economy Doing?
right now 2009 the us economy is in a recession, but could in a depression later on in the future if we are in a recession for too long.
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