The Financial Crisis of 2008.[]
In the wake of Financial Collapse of 2008, many governments around the world were left with little cash and major entitlements to pay. In the U.S, this was a major problem, as their entitlement costs were larger than the world economy, let alone the American economy. The American Government soon began getting downgrades, and their were cuts to major entitlements, but it was not enough. The Chinese stopped buying American debt, and in 2012 America was on the brink of bankruptcy. But the 2012 elections brought out an independent president, neither Republican nor Democrat. His name was James Moore, and he was able to make the cuts necessary to save the U.S from bankruptcy. He reduced the debt from 16 trillion to a mere five trillion, around the same amount of debt that was when Bush took office. America, however had to cut back also on R&D spending, health carer advances, and military power, three of the biggest economy growers in this era of time. The American economy soon began falling behind in the world. However, the Euro war soon pushed America to fighting once again in another war. America got involved, and sent millions of Americans to go save the EU from possible extinction. The EU in turn gave America some of its and the former DU's technology. America once again began manufacturing, and for the first time in 20 years manufacturing jobs went up, and soon America was exporting close to what it was importing, thanks to Robotics.