I got an e-mail today from Chris. He is from Atlanta, USA and he asked me to write something about economy of USA. Very “open” question, I got so motivated and there is so much to write about, that I actually thought about opening a new site with title: Economy of USA. On the end, I decided I do not have time for another site so here I am, writting an article about economy of USA. This article will not be soo long as you might would expect out of first pharagraph, but I will write alot about this topic in future, in other articles. In this one, I will give just a short view description of my personal view on USA economy. Some Americans might not like but let’s face it, US is one of the main reasons for todays financial crisis and recession.
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You should first learn about what is economy in case you are not from these field of work. And now let’s move to the topic, USA Economy.
Few years ago, USA were the number one country in many many aspects. Their capitalism was used as a model all around the world. But was this really so good? What did this cause? Well look outside! Because “american way of life” has spread all around the world (we cannot say this is americans fault), we all are where we are now. The capitalism is the most used system in the world and it is so connected, that it is very vulnerable. For example, crisis that started in USA economy spread all around the world in the blink of an eye. One big country get’s into trouble, and whole worlds economy starts to have problems. But let’s not move away from the topic, how is economy of USA different from other economies?
Well every economy has some bases. One area of economy that is the main one and in USA, we have two areas. First one is construction business and second one is car industry. If you take a look at economy problems of USA, you will find out, that 99% of them originate out of these two fields of work. Todays financial crisis for example started on the real estate market. Of course we all know that this is way deeper than just real estates. But real estates were the ones who poped the bubble. It all started on the stock markets, but it wouldn’t be so big and it wouldn’t be so fast if it wasn’t for the construction industry.
Next as I mentioned is the car industry, one of main spnsors of ex-president Bush. And over car idustry we come to war in Iraq and over that, we come to the third also very very important part of economy of USA, military industry! War in Iraq was nothing but prevention of new economic crisis. That war helped the car industry by moving oil prices, and it helped the military industry by increasing it’s budget. Of course someone must pay for all that and I belive I do not have to start talking about debt that USA has at the moment and how much it have increased over last few years.
There is sooooo much more I would like to talk about, but if I write more, noone will read it hehe. So please come back and read more about economy of USA in next articles coming soon, I promise!
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
You should first learn about what is economy in case you are not from these field of work. And now let’s move to the topic, USA Economy.
Few years ago, USA were the number one country in many many aspects. Their capitalism was used as a model all around the world. But was this really so good? What did this cause? Well look outside! Because “american way of life” has spread all around the world (we cannot say this is americans fault), we all are where we are now. The capitalism is the most used system in the world and it is so connected, that it is very vulnerable. For example, crisis that started in USA economy spread all around the world in the blink of an eye. One big country get’s into trouble, and whole worlds economy starts to have problems. But let’s not move away from the topic, how is economy of USA different from other economies?
Well every economy has some bases. One area of economy that is the main one and in USA, we have two areas. First one is construction business and second one is car industry. If you take a look at economy problems of USA, you will find out, that 99% of them originate out of these two fields of work. Todays financial crisis for example started on the real estate market. Of course we all know that this is way deeper than just real estates. But real estates were the ones who poped the bubble. It all started on the stock markets, but it wouldn’t be so big and it wouldn’t be so fast if it wasn’t for the construction industry.
Next as I mentioned is the car industry, one of main spnsors of ex-president Bush. And over car idustry we come to war in Iraq and over that, we come to the third also very very important part of economy of USA, military industry! War in Iraq was nothing but prevention of new economic crisis. That war helped the car industry by moving oil prices, and it helped the military industry by increasing it’s budget. Of course someone must pay for all that and I belive I do not have to start talking about debt that USA has at the moment and how much it have increased over last few years.
There is sooooo much more I would like to talk about, but if I write more, noone will read it hehe. So please come back and read more about economy of USA in next articles coming soon, I promise!
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