The country is full of life and power. The "Roaring Twenties- were just that, roaring and alive. The United States was on top of the world as a society, a nation, and most importantly, as an economy. Then it all came to a screeching halt on one fateful Tuesday. A normal Tuesday by any accounts, yet it would turn out to be one of the most infamous Tuesdays known to history. This, of course, was Black Tuesday. On October 29, 1929 the United States stock market crashed and rocked the country's economy so violently that it didn't start to recover until 1933. This shock reverberated throughout the world. When all was said and done, it is safe to say that almost no one emerged unscathed. It was a time in history where many suffered, many starved, and many were left out in the streets without employment or income. .
Skip forward almost a century. It is now the year 2006. The country is full of life and power. The economy is booming. Nothing could go wrong. Sound familiar? It should. In late 2006 and 2007, the greatest financial crisis the world has seen since the Great Depression became a reality and given its eerie similarities this time period is even now being called the "Great Recession."" Once again, the country could only watch as the nation's economy panicked and went into an all out free fall. Already four years later, in 2010, the U.S. has yet to recover. Even though it has been officially deemed that the recession is over, unemployment still runs rampant, businesses are still struggling and banks are still wary to loan out their funds. Demand in the economy is still faltering and everyone is still searching for an answer out of this trough. All evidence suggests that the economy remains in a fragile state. The recession is still paramount and should be at the forefront of everyone's minds. .
Right now the country is floundering. Its entire economy is still searching for a foothold so it can stabilize itself.