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The American Recovery and Reinvestment Act of 2009 ( ARRA) ( Pub. L. 111–5 (text) (PDF) ), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009. Developed in response to the Great Recession, the primary objective of this federal statute was to save ...
In Kahn's paper, it is harder. For him, the initial expenditure must not be a diversion of funds from other uses, but an increase in the total expenditure: something impossible – if understood in real terms – under the classical theory that the level of expenditure is limited by the economy's income/output.
The 2000s contained two recessions, according to the U.S. National Bureau of Economic Research. [1] The first occurred from 2001 to 2003, and the second began in December 2007. Major downturn in the value of dot-com shares, with occasional exceptions ( Google 's IPO on August 13, 2004). The Internet continues to grow as a business and ...
Economic history of the American Civil War. The economic history of the American Civil War concerns the financing of the Union and Confederate war efforts from 1861 to 1865, and the economic impact of the war. The Union economy grew and prospered during the war while fielding a very large Union Army and Union Navy. [1]
The economic history of Latin America covers the development of the Latin American economy from 2500 BCE to the start of the 21st century. In the pre-contact era, Latin America did not have an integrated economy. The indigenous peoples, particularly the Aztec Empire in central Mexico and the Inca Empire in the Andean region, had complex ...
The economy of New Zealand is a highly developed free-market economy. [23] It is the 52nd -largest national economy in the world when measured by nominal gross domestic product (GDP) and the 62nd -largest in the world when measured by purchasing power parity (PPP).
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