The financial crises 2001

1. The Financial crises 2001
The United State of America is one of the best country in economic
condition in the world. Because of resources, policies and strong position also
in the world.
But in 2001, the terror attack gave a huge shock to them. And affect also
their economy. Because in those days the dream were introduce by America for
the house of every American. But these policies made a huge gap in the
economy of America.
Actually they decided to issue the loan to every American for
purchasing the house. But they offer the public to don't payback if they can't.
That was a bad policy. Because people did not payback. And interest
rates fall down. So federal government put 770 billion dollars almost to re-
establish the whole system. Because first they spend 440 billion also in the
policy of 2001 which means every American will have his own house.
And also in those days America were also under the terror attack so this
incident also affect very badly to the economy system also. This was a question
of repetition of the United States of America. So the crises begins in 2001 and
ends in 2008 but remember it affect economy of some more devolved countries.
So this is the summary of crises 2001 to 2008.
Experts believes that the planning and policies were too bad by the
government because that was a suicide in the economy when you even don't
know about the payback and you issues a lot of money as loan to the public
without any restrictions terms and condition and also without any types of
barriers about the loan conditions then these kind of steps made a huge cost.
Because finance never runs without planning and proper policies. So these are
the major reasons for the crises which America faces.