Economic Fluctuations

Economic Fluctuations - 1 Economic Fluctuations Ashley Oren...

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1 Economic Fluctuations Ashley Oren Parkman Grantham University
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2 ABSTRACT This paper is presented to compare and contrast the different fluctuations in the American economy through the years of 1990 to our current date.
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3 Economic Fluctuations Since 2007 America has fallen victim to a crashing market, and withering economy. The National Bureau of Economic Research has predicted that we are out of the rut that started in 2007, or will soon be recovered (The National Bureau of Economic Research, 2012). Economic fluctuations or business cycles are common in every economy. They are sometimes subtle, however can become drastic depending on certain circumstances. Economic fluctuations, “is a theory that attempts to explain changes in economic activity that vary from a long term growth trend as observed in a developed market economy”(U.S. Economic Cycles, 2010). Some factors that effect extremes and fewer extremes are GDP (Gross Domestic Product), household income, employment rates, and more (U.S. Economic Cycles, 2010). By taking these factors into account we can compare and contrast between the past two decades of how our economy has blossomed and eve crashed. In the 1990’s President Bill Clinton was “young” and ambitious as to how America should be in his eyes. He made that decade the end of “big government.” Clinton downsized the federal workforce, which took a lot of the centralized power in America, and gave it to the business world. He made the economy and market competitive and healthy (The 1990s and Beyond, 2009). In these years, Russia otherwise known as the Soviet Union and communist beliefs in Europe started to fail in the decades before Clinton’s presidency. The Soviet Union being such a huge force that began to dwindle opened up a plethora of opportunities for the United States to embark on. Communication was one that America focused on, and made a great success at.
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Economic Fluctuations - 1 Economic Fluctuations Ashley Oren...

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