American Economic Crisis

There are many fundamental mistakes in the US economy. In fact, warning signs are everywhere. Politicians are more concerned about elections than solving practical problems. Voters are more concerned about whether homosexuals should be allowed to get married, rather than solving problems that affect all of us. The economy has fallen into despair for a long time. One of the biggest problems in the United States is the increase in federal debt. Investors say that in some cases debt can be a tool to earn money.

The term "recession" refers to the economic depression that dates back to the 19th century when it was used by various Americans and British politicians and economists. Indeed, the first big economic crisis in the United States, the panic of 1819 was expressed as "recession" by President James Monroe, the recent economic crisis, the Great Depression from 1920 to 21 years is called "recession" It was. "President Calvin Coolidge at that time, the financial crisis has traditionally been called" panic ", recently called the main panic in 1907, a slight panic from 1910 to 1911 was called" crash " It was. During the Great Depression, the term "Great Depression" has been used to refer to 1873-96 (UK) or narrower 1873-79 (1873-79). In the United States, this period dates back to a long-term recession.

Between 1929 and 1941, Americans experienced the Great Depression, the most serious and sustained economic crisis in American history. Many factors brought the economic downturn, but the stock market crash in October 1929 showed the beginning. Investors of securities, stocks and bonds lost everything in an unregulated market. Under the guidance of President Franklin Roosevelt (1882-1945; 1933-1945), Congress passed a new law called "New Deal" to protect citizens from economic fluctuations. Two of the legislative relief measures are the Securities Act of 1933 and the Stock Exchange Act of 1934. These two laws have restored investor confidence in the market by strengthening structure and government regulation.

In the first 100 days after his inauguration in March 1933, President Franklin Roosevelt called for a "new arrangement" for Americans and a comprehensive economic reform to deal with the Great Depression. Since the greatest crisis in the civil war, American history, 13 million Americans have been unemployed and hundreds of banks have been closed. Roosevelt ordered the bank to temporarily close to stop deposits. He designed a "letter agency" like the AAA (Agricultural Coordination Bureau) to support agricultural prices by forming economic advisors' trust in brains and subsidizing agricultural production. Public land and national parks, and NRA (National Recovery Administration) which manages wages and prices. Other financial institutions provide insurance to bank deposits, regulate stock markets, subsidize mortgage loans, and provide relief to unemployed people.