UNITED STATES, FINANCIAL AND ECONOMIC CRISIS: THE RECOVERY ECONOMICS

The United States had a financial and economic crisis during the presidency of Reagan because of the plastic money policy. Those years became the beginning of the citizens’ credit card debt; however, during the Bush Jr. government, a financial attack happened in United States’ history, known as 9/11. The critical crisis began in the real estate market, affecting Obama’s economic policy in his early presidential years. After that, the economy had been growing. At times it downsized but bounced back to recovery in 2010.