recessions

Explores the causes and effects of the 2008 U.S. economic recession and how various people in the government and the private sector have worked and are working to reverse its effects.

Explains that the financial crisis and real estate bust of 2007-2008 was not just consumers overspending, but state and local governments also, and as a result the United States economy has begun to reform along regional lines where wealth, power, and opportunity have begun to flow away from the coasts and toward a central corridor in which states such as North Dakota, Indiana, and Texas have survived the housing crisis relatively unscathed and have the money to retrain workers and offer tax incentives to companies willing to relocate.

Provides young readers with a clear understanding of one of the most important, talked-about, and defining subjects of our era, how stimulus plans work.