United States Economic History Presentation 2022

UNITED STATES ECONOMIC HISTORY OVERVIEW BETWEEN 2008 AND
2017
 United State economy is mixed and highly developed. United States is the world’s
largest economy in terms of nominal GDP and net wealth and comes second in
terms of purchasing power parity. In 2019, United States was eighth in per capita
Gross Domestic Product (nominal) and tenth in per capita Gross Domestic Product
in terms of purchasing power parity.
 In 2008, it experienced one of the worst recession in history since early 20th
century. The recession was mainly attributed by the lending money to borrowers
who had bad credit history in 2006. Recession affected financial markets, banking
and real estate markets.
 Recession affected inflation rate patterns, interest rates and general Gross
Domestic Product

Gross Domestic Product and
Growth

Inflation Rate between 2007
and 2017