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Period: to
The great recession
The recession Jobs were lost. Unemployment was at 10%, Not as much money to spend. Savings were low -- Savings -
The Recession
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Period: to
Increased trade with China
Trade with China is on the rise American and Chinese relations increase. This spawns American dependency on the foreign nation. China can control the US economy -- Balance of Payments -
China Trade Graph
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Reelection of President Obama
Obama elected 2nd term Reelected for a second term. Obama promises change to the union. He also promises to end the recession -- Leadership -
Period: to
Government Shutdown
SHUTDOWN Budget -- The government did not have enough funds to keep running. They shut down for a period of time. Employees were laid off. -
government shur-down
