TAILIEUCHUNG - United State Financial Crisis 2007 - 2008

The global economy has been developing rapidly and gaining many achievements which have a lot of motivating influences on the wealth of many countries in the recent decades. However, there still remain a number of difficult problems that need proper solutions brought in by the governments. Financial crisis is not out of the case. For many years now, financial crisis is deemed to offend so many countries and people including economists, brokers, bankers, policy makers, and so on. Most recently, we cannot help mentioning the worst financial crisis in the US in 2007 – 2009 ever seen not only severely damaging the US economy itself but. | Macroeconomic Assignment UNITED STATE FINANCIAL CRISIS 2007-2008 Group member Name Student ID 1. Pham Thanh Hai 2. Nguyen Quynh Mai 3. Nguyen Huong Thuy 4. Dao Bich Ngoc 5. Duong Thi Minh Thu 6. Dang Hong Thai 7. Dinh Thi Bich Phuong 0851050064 0851050049 0851050059 0851050051 0851050057 0851050019 0851050054 1 TABLE OF CONTENT I. SIGNALS OF FINANCIAL CRISIS IN US ON THE US II. IMPACTS OF HOUSING CREDIT CRISIS IN US ON THE US 1. Effects on US Financial 2. Effect on Money 3. US Trade Bookmark not defined. 4. Impacts on US 5. Global economics III. REASON FOR THE 1. The imbalance of US 2. Loosened IV. 1. Emergency economic stabilization act of 2. Economic stimulus act of 3. The American Recovery and Reinvestment Act of 2009 ARRA .20 4. Act of 5. Development under the Acts .23 CONCLUSION .25 2 PREFACE The global economy has been developing rapidly and gaining many achievements which have a lot of motivating influences on the wealth of many countries in the recent decades. However there still remain a number of difficult problems that need proper solutions brought in by the governments. Financial crisis is not out of the case. For many years now financial crisis is deemed to offend so many countries and people including economists brokers bankers policy makers and so on. Most recently we cannot help mentioning the worst financial crisis in the US in 2007 - 2009 ever seen not only severely damaging the US economy itself but the global economy. The financial crisis in US was directly the main reason for the following Great Financial Crisis which proceeded globally in a very complicated way and caused the worldwide destruction to quite a few giant established economies such as United States United Kingdom EU and so on. Therefore no matter what politics or wealth level it may has every .

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