Hi, need to submit a 2250 words essay on the topic Shocks to the US Economy and the Likelihood of a Depression.Download file to see previous pages… The changes in the policies of after the US presid

Hi, need to submit a 2250 words essay on the topic Shocks to the US Economy and the Likelihood of a Depression.

Download file to see previous pages…

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
Hi, need to submit a 2250 words essay on the topic Shocks to the US Economy and the Likelihood of a Depression.Download file to see previous pages… The changes in the policies of after the US presid
Post Your Own Question And Get A Custom Answer
Hire Writer

The changes in the policies of after the US presidential election of 2012 have also been reported. A comparison of the key economic indicators before and after the presidential election of 2012 emphasizes the effectiveness of the government policies in preventing the likelihood of further depression. Introduction The shocks to the US economy ended the golden age of the economic performance of the country. The economic recession laid its roots in the losses of the housing and mortgage financing sector. The government policies and casual credit policies of the companies towards lending led to the financial losses. The likelihood of further depression led to changes in the government polices in order to lead the way of economic revival. The fiscal policies of cutting the government spending and reduction of taxes showed signs of recovery of US economic growth rates which are likely to sustain in near future. Literature Review The shocks to the economy of US started from the time of economic recession in 2007. The subprime crisis and the bubble of the mortgage financing market in US highlighted the drawbacks of the corporate sector and the policies of the US government. The policy of the US government in ensuring that every US citizen should have holdings of property paved the way to increase in mortgage loans. Apart from this, the investments in the housing market were lucrative as high returns were achieved within a short period of time. In order to maximize profits, the banks and the financial institutions also opened gates of finance with relaxed credit policies. As the number of defaulters started to increase, the weight of bad loans started to become heavier and the corporate houses and financial institutions lost a considerable value of their shareholders worth leading to a financial recession and economic depression in US (Freedman 60). The shocks to the US economy transformed into a global financial meltdown. In order to gain revival from the situation of economic crisis, policy makers of US adopted government monetary and fiscal policies. The government agencies were bailed out by the US government and international funds were also channelized for bailout of US companies. In order to avoid the likelihood of further depression, the government of US adopted new appropriate policies after the presidential election of 2012. The likelihood of further depression and the depreciation of US dollar were the main concerns for the US policymakers. In order to deal with the situation, the government strategized to reduce the burden of government deficit that rose to $ 1 trillion. The consolidation of the treasury was also an area of concern in order to sustain the performance of US dollar. Emerging economies such as China that piled up huge deposits of foreign currency in the denomination of US dollars were the areas of threats to the US government. Any further dip in the productivity levels and weakness in the US economy were enough for a subsequent depression. In order to deal with the situation of crisis, the US government undertook a policy of reducing the government spending and at the same time cutting the taxation of individuals and the corporate. Instead of focusing on monetary policy which provided the base of a booming economy over the years, the US government undertook effective fiscal policies in order to avoid further depression. Data and Argument The effectiveness of the policies of the US government in reviving the economy from the shocks of economic recession and in avoiding the likelihood of a depression in recent future has been stated with the help of informational data and arguments as given below.

superadmin (28431)
New York University

Hire an Expert to Help you

Hire Verified Expert

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Have a homework question? Get help from verified tutors now!

Are You Looking For Assignment Help? We Can Certainly Assist You

Sometimes it is hard to do all the work on your own

Let us help you get a good grade on your paper. Get professional help and free up your time for more important courses. Let us handle your;

  • ~Dissertations
  • ~Essays
  • ~All Assignments

  • ~Research papers
  • ~Term papers