U.S. Economy Hits Second Longest Economic Expansion in U.S. History

By Nick Baum

WEDNESDAY – 5/2/18

The United States economy has hit another milestone today, marking the second longest economic expansion in American history. Economic expansion means that that the economy has grown, and the longer it can keep the streak the more confident investors are.

For 106 months since the Great Recession, the economy has grown and added jobs every month in a row since the recession under US Presidents Barack Obama and Donald Trump. The first longest economic expansion was from 1961 to 1969, recovering from post World War II and Korean War, the economy shot up under Presidents John F. Kennedy and Lyndon B. Johnson.

Despite the slow recovery and growth of the economy, most aspects of it has continued to stay steadily up. Both Presidents have kept economics as one of their main policies, as Obama invested new money into the economy and Trump introduced new tax cuts as well as reducing the unemployment rate. According to Bloomberg, it is expected that this trend can easily continue.

Sources: CNN Money, Bloomberg, MarketWatch

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