Current Events Blog for Mrs. Countryman's AP United States History class at Booker T Washington High School for the Performing and Visual Arts in Dallas, Texas.
Monday, January 21, 2019
How the longest US government shutdown in history is a potential downfall to the economy - Avery Corley
As the current shutdown of our American government continues on, many experts are growing worried of its effect on the United states economy. For the year of 2019, chief executives and world leaders have put a possibility of a global recession as a number one concern, and global trade threats following in a close second. Even though Americas economy is still rising it is taking much longer than it should, with an unusually low percent increase than in past years. Some think this is an effect of the current shutdown, while others are looking to the rise in tariffs that the President has put in place, affecting trade with China and many others countries as well. The IMF (International Momentary Fund) has expressed that the only way to get things back on track is to de-escalate trade tensions and come together to come up with a more permanent solution. A great time for hatching such a plan would usually happen at the annual World Economic Forum being held this week in Switzerland however, because of the Government shutdown Trump will not be attending. This situation is much like the Tariff of 1883 which put a wrench in the United Sates economy, and was opposed by many citizens who were involved in trade with foreign countries.
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