Economics USA Essay Example | Topics and Well Written Essays - 500 words

Economics USA - Essay ExampleIf marketplaces ar doing well in some part of the world it reflects in other parts of the world. Precisely if the market goes down it entrusts in a ripple effect that brings down most of the markets in the world.It was believed that when a trade good was produced there would be demand for the product. But the whole scenario of the market changed upside down, markets crashing unemployment was increasing, rise in inflation, prices were locomote and eventually factories being closed.It was believed that markets correct themselves but it was proven wrong by the great depression. Maynard Keyness theory see good, according to his theory happen upon in investment spending might result in fall in consumption spending.US economy is the worlds largest and powerful economy, a slight change in its markets would result in a ripple effect throughout the world markets. The US has proven itself as the shore up of opportunities for many people around the globe.Lik e many of the economies the US has seen the Booms and Busts of the markets that brought happiness in good quantify and sorrow in bad times. In 1920s the US went through the great depression and slowly and steady markets stabilized and experts called this as the Business Cycle.In late 1990s due to the Bubble Burst the markets crashed and in upshot years it bounced back.