The Great Recession Research Paper

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The economy of every country in the world is intertwined with every other economy, so the USA great recession had a big effect on other countries. Exports from other countries to the USA were diminished because it had to cut costs, leaving exporters from other countries with lesser exports. Investments in USA based companies were also affected because many international investors withdrew their investments from the troubled institutions. Many USA based companies in other countries were shut down, which left foreign workers jobless. Many foreign banks had USA assets including mortgage-based securities which turned out to be worthless during the recession, which lead to the failure of foreign banks. The failure of the US economy affected just

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