United States (The Global Recession)

The United States of America or known commonly as the United States or USA is a federal republic encompassed by 50 states, all of which has sovereignty to govern themselves while still under control by the Federal government. The United States is the 4th largest nation on Earth by land area and 3rd largest by population. The United States is 2nd for biggest GDP, as the GDP before the recession was $23 trillion dollars, just behind China and ahead of Japan.
The recession made the American economy go turmoil, as the taxes for imports were the cause of the global recession, in which economic activity radically altered downwards by a boggling 8.90%. Stock markets failed to continue the activity it used to produce, so most shut their businesses down because of the failing economy.
The military had issues with equipment at that time, as America was going bankrupt due to lack of buying and most selling. America couldn't produce high tech equipment, and as a result, the military arsenal was feeble, and nothing could bolster the equipment.
Category:The Global Recession
Category:United States
Category:Nations