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The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...
United States President Donald Trump re-designates the Yemeni Houthi movement as a foreign terrorist organization. Law and crime. Illegal immigration in the United States, Aftermath of the Murder of Laken Riley. The U.S. Congress passes the Laken Riley Act following a 263-156 vote in the U.S. House. The bill makes it easy for federal ...
The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to the trade of the colonies. [89]
An economic indicator is a statistic that conveys certain information about economic activity. Economic indicators allow investors to analyze the economic performance of a state, country or region, as well as make forecasts about future performance. For example, each quarter the United States releases data on gross domestic product (GDP). This ...
Economic impact of the COVID-19 pandemic in the United States (7 P) Economic inequality in the United States (2 C, 27 P) Energy in the United States (15 C, 45 P)
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
Despite this, Biden oversaw the strongest economic recovery of any G7 nation post COVID-19 and one of the strongest economic recoveries in United States history, breaking a 70-year record for low unemployment, [136] and the creation of over 16 million new jobs, the most of any single term president. [137]
The year 2008, as of September 17, had seen 81 public corporations file for bankruptcy in the United States, already higher than the 78 for all of 2007. The largest corporate bankruptcy in U.S. history also made 2008 a record year in terms of assets, with Lehman's size—$691 billion (~$960 billion in 2023) in assets—alone surpassing all past ...