Our parents might remember the last recession that America had. It got so bad that we actually went into a depression and many are afraid of that happening all over again. It was a part of America's past. Yet, we all fear that history will repeat itself as some say that history normally does.
So, what happened to cause this recession? That is what many people would like to know about the recession. Well, after asking someone who really knows his economics, we have a better understanding ourselves about what happened. See, you might remember that at a time the interest rates on mortgages were raised. As this happened, people lost their houses. So many were affected by this that government stepped in saying that they wanted people to have homes. Well, they lent out so much money they then had to raise prices to get back what they lent out. The banks were afraid to give money which scared other people causing people to quit spending.
You see this even today. People are afraid to spend money during the recession. They are learning to go without. They are learning to do things by themselves as it means that they can save a little bit of money here or there. If industries complained about not making enough, the government has had to give incentives.
Then they had to help those who sold homes. They weren't selling once again. So, they had to make a deal with people. For those who were first time home buyers they gave a tax credit as well as other assistance to help you to buy a home. How great is that? Now, they are offering help to those who aren't first time home buyers.
People have had to face the challenges at work. Every company is trying to cut back where they see that they can do so. Some have let go of people that they don't need. Some have just plain let people go. It doesn't matter if they need them or not, they just can't keep paying them.
Those collecting unemployment is going up too. The unemployment office has found that they have broke the record of the percentage of people who were unemployed. This was something that was being dealt with nationwide. There are even some people out there that have ran out of what they could collect from unemployment though government keeps extending these funds and the time frame so people aren't left to be homeless and what not.
Yet, in the midst of it all, America wants to know what is next with the recession. What happens to the future? What can be done. The thing that they need to remember is that until people shop, the prices of things are only going to go up. This is due to the whole thing of supply and demand. Do your part and try to spend some money if you have it to spend. The government is trying to help out where they can.
This is the recession. It's the hard brutality of it all. If people don't start spending, the prices of things will never go down. However, there is hope. People were said to be spending quite a bit at Christmas and more and more stores are trying to have more and more sales. When this happens, you can find that you might have more people shopping. America has seen this before, and we'll overcome it again.
So, what happened to cause this recession? That is what many people would like to know about the recession. Well, after asking someone who really knows his economics, we have a better understanding ourselves about what happened. See, you might remember that at a time the interest rates on mortgages were raised. As this happened, people lost their houses. So many were affected by this that government stepped in saying that they wanted people to have homes. Well, they lent out so much money they then had to raise prices to get back what they lent out. The banks were afraid to give money which scared other people causing people to quit spending.
You see this even today. People are afraid to spend money during the recession. They are learning to go without. They are learning to do things by themselves as it means that they can save a little bit of money here or there. If industries complained about not making enough, the government has had to give incentives.
Then they had to help those who sold homes. They weren't selling once again. So, they had to make a deal with people. For those who were first time home buyers they gave a tax credit as well as other assistance to help you to buy a home. How great is that? Now, they are offering help to those who aren't first time home buyers.
People have had to face the challenges at work. Every company is trying to cut back where they see that they can do so. Some have let go of people that they don't need. Some have just plain let people go. It doesn't matter if they need them or not, they just can't keep paying them.
Those collecting unemployment is going up too. The unemployment office has found that they have broke the record of the percentage of people who were unemployed. This was something that was being dealt with nationwide. There are even some people out there that have ran out of what they could collect from unemployment though government keeps extending these funds and the time frame so people aren't left to be homeless and what not.
Yet, in the midst of it all, America wants to know what is next with the recession. What happens to the future? What can be done. The thing that they need to remember is that until people shop, the prices of things are only going to go up. This is due to the whole thing of supply and demand. Do your part and try to spend some money if you have it to spend. The government is trying to help out where they can.
This is the recession. It's the hard brutality of it all. If people don't start spending, the prices of things will never go down. However, there is hope. People were said to be spending quite a bit at Christmas and more and more stores are trying to have more and more sales. When this happens, you can find that you might have more people shopping. America has seen this before, and we'll overcome it again.
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