American Depression Impact on Economical Relations between European Union and United States of America

Abstract

The world economic crisis is a system crisis that has deep implications on country groups. For the developed countries the crisis means the diminishing of the economic increase rhythm, reduction of new work places creation, unemployment increase,deepening of social tensions and a diminishing of the work productivity increase. Moreover there can be noticed a sustained pressure over the social assistance and protection, over the living level increase and of the antisocial phenomena increase. Onthe other hand there is a counter-pressure form these countries to maintain certain advantages they have due to the integration policies, advantages that were brought about by the international work division, by the international economic relations basedon the comparative cost theory, intensification of armament production and of technical progress of the world finances.

Keywords

• economic crisis
• financial crisis
• price
• stock market
• capital fluxes
• recession