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Over the past three years American government has seen some changes in its economy that were influenced not only by the economical but as well political and environmental factors. We will study the development of economic factors such as, inflation, unemployment, growth, balance of payments and the overall well being of the population and how the wealth of the nation was distributed, on the period going from November 2004 to November 2007. The steady economy is always growing and developing at a slow pace, which allows us to see that the Starting 2004, President G.W. Bush was reelected for a second term we can notice many changes: noticeably there have been some major differences influencing economy such as devastating natural disasters as Hurricane Katrina (2005). It cost not only lives, but as well the damages of $105 billion for reconstruction and repairs including ones that have touched the oil factories, environment and the employment which had lead to the amount of more than $300 billion to be paid off by the government. Many of the charity workers and donations were helping to cope with the situation.
This might be one of the economic examples on how the natural causes might influence the economy, considering that the people became unemployed and could not pay taxes to maintain the stability in the society where they used to live.
On of the other examples that always come to attention is the War in Iraq. As some of the articles from 2006 suggest that the war budget might increase to over $1 trillion, the other article from the Herald tribune international confirms these suggestions by showing that at the beginning of 2007 the war budget went over $1.2 trillion which are founded by the government taxes. Overall the national debt has risen to the amount exceeding $9 trillion of which $3.5 trillion were attributed only to G.W. Bush administration.
Talking about the unemployment as the economic factor the rate has eventually decreased...