Degradation hidden worst in the history of the United States
National economic strength a world is not the phrase for degradation after the first war to date, has 8 times the people in this country live in this landscape.
1. Degradation beginning in 2000
Our broken by the flow of “dot com crisis, the terrorist attacks 11 / 9, and auditing scandal, the economic degradation in the U.S. for 3 years from 2001 to 2003 not only to the influence of in America, but also to many European countries.
Break the flow of technology group in the dot com crisis was our waiting period degradation beginning of the 21st century.
Research by Department of National Economy (NBER) after 10 years of development, there the longest expansion of the U.S. economy, the United States to step degradation at the beginning of 2000 has been predicted before. All our stories are Ngoi flows broken by a series of companies in the “dot com crisis, created a wave of bankrupt companies and technology information. U.S. economy to continue been a strength of the terrorist 11/9/2001 broke out, which caused the Dow Jones Industrial and the indicator of stock market experience worst weeks in history .
Predicting first place in the U.S., the European countries introduced the euro money overall on 1/1/1999. However, degradation still make a strong euro and the reduction to 2001, this remains a weak money, and strong again after 2002.
2. Degradation last decade 90
From Monday to maximum, in 9 / 1987, Lose momentum has never been reduced 22.6% on the Dow Jones was shot signal degradation period, the U.S. currency hidden. Only in three years, the collapse of credit markets, and lending has threatened savings of millions of people. A series of national strength under the influence of many U.S. as Canada, Australia, Japan, or England is also the last book xoáy degradation.
While stock market recover very quickly but the market real estate, labor, energy prices, need to trade and GDP in the U.S. and some other countries still go down to 2 years after the crisis.
Not only impacted on the economy, unemployment cause high social issues in the degradation, under the George Bush’s “father”, such as alcohol, drugs also increase accordingly.
3. Degradation early 1980s
Revolution in Iran has pushed world oil prices with increased speed in cross dizziness posted 70. This is the premise for the crisis drag dàn 30 months in the U.S. and is considered to be bad times degradation from the worst crisis of 1930. Price energy to drive up inflation to increase, reaching 13.5% peak in 1980, has forced Department Thirty (Fed) to implement policies tighten monetary.
Not only inflation, unemployment is also a worrying rate of 5.6% from the month 5 / 1979 to 7.5% a year later. Regardless of the economic recovery began in 1981, unemployment rates remain at record high 7.5% and reach the historical 10.8% in 1982.
Effects of degradation on industry car, house and land, and steel production to a currency bad sectors on the continuous reduction Lose in 10 years, until the crisis ends next.
This is also the time lasts degradation for the two’s, Mr. Jimmy Carter from 1977 to 1981, and Ronald Reagan, from 1981 to 1989.
4. Oil crisis of 1973
Start on 15/9/1975, oil crisis is the result of the OAPEC members including the export of oil and OPEC both Egypt and Syria, to prohibit the exercise with the U.S. oil and countries support Israel in the war with Egypt and Syria.
Previous to 1971, the U.S. withdrawal from the system of Bretton Woods monetary system in general regulations of national strength, the gold price is the only anchor to keep dollars with 35 dollars an ounce, and the drop say dollars is money for the crisis. The reason is that Bretton Woods system has limited operation expenses of the United States and the world by volume of gold is limited while the demand to use the money very much larger. The money in the U.S. for funding for Vietnam War or to aid other countries have made dollars devaluation, inflation and growth.
During oil crisis, in many states people are allowed to purchase a quantity of fuel.
To remove any of the above, in 8 / 1971 President Nixon had to really withdraw from Bretton Woods system and the drop in money. Make adjustments on the income of the exporter of oil and the reduction in actual income in this country are forced to adjust to increasing oil prices.
Consequences of banning oil and the price of oil in world market has been resilient than 5 times from under 20 dollars a barrel in 1971 to 100 dollars a barrel in 1979, average gas prices in the U.S. also increased only 86% within 1 year from 1973-1974. Crisis while bad impact to financial markets, global stocks, already under pressure after several collapse of Bretton Woods mode. Securities Market evaporation U.S. 97 billion dollars, the amount giant to that time, after only a half months. Degradation and the place suffuse to influence U.S. economic and many other countries until 80 decade.
Do not stop at the oil crisis has created big changes in policy by the West, which focuses on search and conservation of natural energy, as well as set the currency regulation more closely to against inflation.
Conversely, the event contributed to the significant changes to the political economy of oil exporting countries, particularly countries in the Arab Middle East region.
5. Degradation 1958
In 2 years before the crisis occurred, the policy tighten monetary and curbing investment in the U.S. cause unemployment to rise. At Detroit, the heart of the car industry, unemployment rates reached 20% in 4 / 1958. Car sales decreased to 31% in 1957, and changes in 1958 to worst year for car production after after World War II times. Import demand in the U.S. remains high while the reduction of European imported from America shortfalls caused deep trade clamber.
More currency, rather than with cost reduction, which typically occurs when degradation, prices in the period 1957 to 1959 to clamber. The real cause has many wild bring the economy in there this time.
Many countries have not developed based on the live export resources as raw materials, minerals or agricultural products is difficult due to Lose reduced demand in the U.S. and Europe.
6. Degradation in 1953
While in the last 10 months, beginning in the second quarter / quarter I/1954 to 1953, the degradation in 1953 is still causing damage estimated at up to 56 billion dollars for the United States.
Causes degradation started from some changes in political, economic, the first decade of the 50th In particular, inflation started to climb since March 1951, after the Korean war, Fed leaders make predictions 1952 inflation will be higher still. Situation before the Fed has used fiscal policy tighten, shown in the cut government spending, increase taxes, interest, and reserve accumulation. Government measures have a strong hand in creating in the pessimistic people, leading to reduced spending increase savings, a reduction of the total economy.
7. Degradation in 1947
Times degradation of America, derived from the step relation of the period of economic recovery after World War. Up to the year 1947, the U.S. accounting for 50% of the total agricultural output of the whole world, first world war this figure is only 30%, unemployment in America is the record low near the 100% of workers have jobs. Year 1947 is the period reached U.S. economic cycle of growth after the war. From this time, except for food, consumer demand in general goods by the United States has become saturation by goods produced more that excessive buying.
Although President Truman as well as where he has predicted the risks from inflation and to stabilize the economy, but U.S. leaders not to the increase in inflation in the rest of the world. Whether the result of degradation in 1947 is not too bad but it is currency enough that children in economic, cause many businesses bankrupt and unemployment clamber.
8. Degradation of 1930
In the degradation also called a crisis occurred months ago is nearly 8 decades, but record mark is the harm hidden economic worst in modern history. Start in 1929 and ended at the time of transfer between the decade of 30 and 40, the degradation can be influenced to destroy the global economy, both in developed and developing world. All aspects of the economy from production, consumption, trade, personal income, consumer activity, the labor market, inflation is influenced bad. Countries depend very much on the subject of impact most deeply. Besides agricultural areas also when the correct price of maize, one of the main agricultural products in the west, decreasing to 60%.
Photographs by famous photographer Dorothea Lange of a mother migrants are considered as images of the difficulties of the people during the crisis.
There are many different opinions about the causes for degradation, such as the collapse of a series of bank or stock market, is marked with “black on the third night” 29/10/1929, or decline in international transactions by U.S. tax increase. However, the general many contract the economy, including the needle Fed Chairman, Mr. Ben Bernanke, is due to factors of supply sources as well as money in the wrong operation of the Fed.
Accordingly, in the decade of 20, expanding the money supply level has led to the development boom but Thieu sustainable financial volume. The Fed identify risks and implement policies tighten currency is too late to prevent degradation. Moreover, when banks have large signs crash Fed did not actively aid, thereby creating effects crash line in bank branches, leading to exhausted resources of money suddenly. The result is that many companies bankrupt due to lack of capital, the production and business consumers are stagnant, unemployment suffuse influence to large U.S. economy and world.
Tags: Degradation, National economic, United States
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