In “A History of the United States in Five Crashes,” author Scott Nations explains the five large crashes in the U.S. up until this point, and how they affected the nation. In 1987 there was yet another horrible crash of the stock market. This occurred on October 19th, 1987, now referred to as Black Monday. All of the major world markets also fell at this time. Some potential causes of this was fear of interest rates getting higher, computerized trading being introduced, and hostility in the Persian Gulf. Despite all this, the crash was resolved fairly quickly compared to the 1929 crash, about two years. Although, the crash did have lasting impacts on the economy and how people spent their money.
In “Washington Think Tank Calculates N.A.F.T.A.’s Impact on Jobs, there is a chart and a map to explain the impact NAFTA had on the economy and jobs. This is the North American Free Trade Agreement, which was a treaty between Canada, the United States, and Mexico in 1994, which broadened the scope of trade allowed in North America. The chart and graph show that while more money came in from exports and imports, there was a large amount of job losses throughout the U.S. The greatest impact from job losses were in the places heavily dealing with trading, such as the Eastern U.S. along with Texas and California.
Bus & Econ Develop US 