Emergency Economic Stabilization Act

In the United States, there are many different changes that can happen in an instant, which can put the economy at great risk. To protect the economy in these situations, the Emergency Economic Stabilization Act was put in place. This act was passed in 2008, during the Great Recession of the time. This act, when passed allows the treasury to buy troubled assets and restore liquidity in the financial markets. These actions helped the market to gain more confidence and restarted economic growth. Increasing financial literacy can help people respond better during a crisis with emergency funds and proper credit management. To help the public better understand these problems at IMSA, we can use general assemblies. In general assemblies, things like presentations, professional speakers, and more help the public understand this problem. Also, we can create posters to advertise these assemblies and provide accessible resources such as Khan Academy’s advertisements for personal finance and Practical Money Skills