Question

The Dot Com Bubble burst and the wars in Iraq and Afghanistan are the primary catalysts for the recession the United States suffered under which President?

a. Bill Clinton
b. George HW Bush
c. George W Bush
d. Barack Obama

Answer 1

Option (c), The recession during which the Dot Com Bubble burst and the wars in Iraq and Afghanistan occurred was under President George W. Bush, leading to the Great Recession.

Step-by-step explanation:

The United States experienced a recession under President George W. Bush, which was primarily catalyzed by the burst of the Dot Com Bubble and the wars in Iraq and Afghanistan. The downturn became more severe with the collapse of housing bubbles and financial markets, a scenario that culminated in the Great Recession.

The crisis led to high unemployment rates and a significant decline in GDP. In response, the U.S. government enacted various measures, including a $700 billion bailout and the American Recovery and Reinvestment Act of 2009, which provided $787 billion in stimulus through spending and tax cuts, to restore financial market stability and address the recession's impacts.