Economic History of the Decade 2000: List and describe the economic issues that had the greatest impact at that time, and future

Introduction

The American economy was flourishing till the year of 2000 and it had seen the highest boom phase it had ever witnessed in its history. Unfortunately USA underwent a major disaster that shook its economy. The attacks of September 11, 2001 known as the 9/11 or September 11 attack were a series of suicide bombings committed in the United States that day by members of the network jihadist Al Qaeda. They did this through the kidnapping of airliners that hit several targets and killed about 3000 people and injured around 6000 people. This attack was aimed at the destruction of the environment of World Trade Centre in New York and a serious damage to the Pentagon in the State of Virginia. The attacks were immediately condemned as horrendous terrorist attacks, by the Security Council United Nation (Deflem, 2006).

We have already described the approximate sequence of events in the U.S. after April 2000 - events that most vividly depict the development of the economic crisis. Starting in the spring of 2002, when the inflow of foreign investment in the U.S. was less than the current account deficit requires a more detailed consideration. It was at this time, by the end of spring 2002, came "to nothing" effect of monetary and fiscal pumping, and stimulated the U.S. economy after September 11, 2001 (Weber, p.4).

Important economic issues in the U.S. election season  

The economic status is given a special status in presidential campaigns in the United States, given the imbalances affecting the U.S. economy as a result of fiscal and monetary policy decisions taken by the Bush's federal government, and the impact on the living situation of the American citizen. It is known that following the incidents of September 11, 2001 many decision were taken regarding foreign policy which resulted in having a significant slowdown in growth and it did not exceed 3.5% in 2005, the maximum growth rate reached the American economy over six years (Heymann, p.7).

The Democratic Party rival ranks to attack the economic policies of the Republicans, focusing on the suffering of the economic situation of internal imbalances. The local economy was more important for the future of Bush's Iraqi affairs. Good economic situation in the United States can compensate for failure in Iraq, but success in Iraq does not compensate for economic failure in America.

America was experiencing a recession accompanied by unemployment within the so-called economic cycle experienced by the capitalist economies every few years, a recession could thrive stagnation, if U.S. economy does not recover. The performance of the Republican Party was of utmost importance since President Bush leaves with a disastrous country state then the republicans will not have a chance to stand for the next elections or be elected for the next election.

Dilemma of debt and the federal budget deficit

U.S. economy was facing a great danger because of the problem of ...