Some of society hold responsibility on the federal leadership practically the president for a recession but they should also include the head of the Federal Reserve

Some of society hold responsibility on the federal leadership practically the president for a recession but they should also include the head of the Federal Reserve, or the entire administration in my opinion since the Federal Reserve controls our money. There have been many discussions on the Great Recession and the impact it left on the United States. A recession is a decline in the business cycle that occurs when the real gross domestic product (GDP) total output of goods and services are produced by the society, also characterized by an overall decrease in output, income, employment, and trade for several consecutive quarters lasting to a year. The first time the United States had a recession was in 1789, there has been many recessions since then but the most severe one was known as the Great Recession. This recession lasted from December 2007 to June 2009 to some of society they thought it was a depression which is a severe case of a recession. Governments watched the corporate sequence thoroughly and took several steps to alleviate the economy before it reached dangerous points. Today, the stages are usually referred to as trough, upswing, peak, and recession (Riggs, 2015). I will briefly discuss some of the topics like interest rates, inflation, wages and consumer confidence of the great recession and how the polices affected our economy.

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I'm Barry!

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