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Housing Bubble Bursts
The United States “housing bubble” bursts, which set in motion the great recession and mortgage crisis. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy." -
House Market Crash
The house market crash in 2008 was when the prices of houses had the largest decrease in prices and 3 million houses foreclosed. Collapse of the housing market impacted home valuations, nation's mortgage markets, home builders, real estate, home supply retail outlets, and more. -
ARRA Passed
President Barack Obama and the Congress pass the American Recovery and Reinvestment Act (ARRA), providing tax cuts and federal funds to create new jobs, save existing jobs, and spur economic growth. The country’s debt rose to $11 trillion and the defecit rose to $1.4 trillion. category: Leadership
http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ -
Obama Care
On March 23, 2010 president Obama passed the health care reform bill in order to provide equal and affordable health care for all Americans. This furthered citizens healthcare rights such as; someone with a preexisting disease is now able to get healthcare and for a good price. -
Debt Ceiling Raised
http://www.learner.org/series/econusa/interactivelabs/economic-timeline/ Within the last 24 hours remaining before the US defaults on its debt obligations, congress concludes and the president's signs off to raise the debt ceiling. This is followed by cuts in programs such as Medicare, Medicaid, and Social Security. http://www.learner.org/series/econusa/interactivelabs/economic-timeline/
category: budge -
Obama Reelection/Hurricane Sandy
Barack Obama is reelected as president. Hurricane Sandy hits the eastern coast of US wiping out many homes and communities. Sandy was an estimated cost of $50 billion dollars. category: Leadership
http://www.huffingtonpost.com/2013/02/12/hurricane-sandy-second-costliest_n_2669686.html -
Boston Marathon Bomb
The Boston Marathon bombings cost as much as $333 million in damage to the local economy in lost wages, retail sales and infrastructure damage, according to preliminary estimates. -
Trade with Cuba is Restored
President Obama announces a restoration of full diplomatic relations with Cuba for the first time since 1961. Along with a new World Trade Center building being opened in New York City.
category: Trade
http://en.wikipedia.org/wiki/Timeline_of_United_States_history -
Future Financial Crisis
Future Financial crisis in which massive bubble in commodity markets will occur that result in widespread economic collapse and sovereign defaults. Financialization in the united states has helped increase commodity prices and create an unstable economy.
Category: Budgeting
Read more: http://www.businessinsider.com/the-financial-crisis-of-2015-2011-1#ixzz3ahVhfUEb
