How has the U. S. government historically attempted to help the U. S How has the U.S. government historically attempted to help the U.S. economy? (Part 4) Notes #24

Under President Bill Clinton, the U. S Under President Bill Clinton, the U.S. created the North American Free Trade Agreement (NAFTA) with Canada and Mexico in 1993. President Bill Clinton; 1993–2001

The purpose of NAFTA was to provide free trade between the three nations by eliminating trade barriers.

Clinton and big business supported NAFTA as a way to stimulate economic growth in the U.S.

During the 2000s, under President George W. Bush, the U. S During the 2000s, under President George W. Bush, the U.S. was forced to respond corporate fraud. President George W. Bush; 2001–2009

By late 2007, the U.S. experienced its longest recession since the Great Depression as a result of a global financial crisis.

This crisis involved rising oil and food prices, the collapse of the U This crisis involved rising oil and food prices, the collapse of the U.S. housing market and financial institutions, and an automobile industry crisis.

Both Bush and (later) President Barack Obama responded to this recession by providing billions of dollars to the U.S. economy in an attempt to help stimulate it. President Barack Obama; 2009–2017 $700 billion bank bailout in 2008; $787 billion stimulus package in 2009

By the middle of 2009, the Great Recession ended and currently the U.S. is experiencing an economic growth.