![]() ![]() Banks were hard hit during the crisis of 2008 in retaliation the government imposed new and stricter rules to regulate the issuing of loans and financing plans for different reasons such as housing.These shares grew and have earned investors over 150% in profit returns. ![]() The government itself has incorporated the use of technology in day-to-day operations. Companies such as Netflix, Amazon Google, Microsoft, and meta grew in response to the technological advances made during the Obama administration era. An increase in share prices in companies in the telecommunications and information technology industry.Following the various efforts and reforms that re-established the stock market, there was significant growth in Other bills were later signed in 20 with the same. The signing and implementation of the recovery and reinvestment act of 2009 saw the government’s bid to salvage the already ailing economy and administer it while overseeing new reforms and projects affecting taxes, job creation, and insurance reauthorization.And protecting customers from financial abuses witnessed during the crisis of 2008. A regulation on banks was imposed to ensure all transactions not related to the traditional banking services would be prohibited therefore eliminating risky proprietary transactions.An estimated $1 trillion was raised in response to London’s G-20 crisis meeting summit that would go towards the restoration of jobs, credit, and sustainable growth globally.The recapitalization of financial systems saw a positive return of $30 billion withstanding the downturn and eventually borrowing of loans and financial plans were reintroduced.This saw banks raise approximately $66 billion from private markets in one month. The creation of stress tests helped the government explore and anticipate future economic vulnerability while coming up with appropriate solutions.To help restart job growth Obama initiated a tax relief that would help families that were hit hardest, permanent tax cuts for families with College and University students, and finally those with jobs generating a stable income.This was due to the low-interest rates and low lending standards imposed in a bid to make the affordable housing scheme come to reality.Īnnual losses were estimated to be approximately 5.6% annual.Īfter the election of President Barack Obama into office, the following reforms were made to help heal the ailing economy that subsequently affected the stock market The economic crisis of 2007-2008 was caused by lenders and financial plans for homeowners that could not afford to pay back their mortgages.In a bid by sellers to minimize their losses, the stock market regulators would have witnessed a panic selling situation after the September 11th, 2001 terrorist attack stock market regulators New York stock exchange and Nasdaq had to implement a 6day shut down a move which saw them make losses of approximately $1.4.Elected as the 44th president of the United States of America and the first African American to hold that position, president Barack Obama made significant reforms to the economy that directly influenced the stock market during this tenure. In his first term, the stock market grew to 83% and 53% during his second term. During the George Bush administration, the country had been faced with a series of events that led to the stock markets’ bearish trend. Read further to know more about Stock Market Under Obama. ![]()
0 Comments
Leave a Reply. |