2023 United States Economic Crisis (Idkdom)

The 2023 United States Economic Crisis, was a very catastrophic crisis to many countries, but mainly to the United States. It was said that the economic crisis started at July 13 2023, as tensions massively increased, China, Russia, and Saudi Arabia decided to cut mass amounts of trade to the United States, hoping to show the United States that it should not get involved in their business (such as helping Ukraine in the war, arming Taiwan, and criticizing Saudi Arabia's government) Around the same time, banks were starting to ran out of money, and it started to get even worse when this happened. China, Russia and Saudi Arabia saw this, and they decided that they could finally get out of the U.S' control, and sanctioned the U.S even more, causing trillions of dollars to be lost, millions of jobs vanishing as many companies lost a lot of money, so they had to fire their employees. Many U.S banks collapsed because of the crisis as well such as Chase Bank, Citigroup, Bank Of America, and more. When September started the U.S already lost over 5 trillion dollars, and many banks collapsed and it started to have a impact on the world. A couple weeks later, and many countries were going through a economic crisis as well and the sanctions and trade cut-offs from Russia, Saudi Arabia and China backfired horribly, until on September 26 they were forced to uplift all sanctions they made to the U.S, which is when the economic crisis ended, the impact it had on mainly the United States but also the world was very destructive, and for the U.S it took many years to truly recover.
Category:Idkdom