The Great Recession occurred in 2008 during President Obama's first year in office. The Great Recession destroyed the economy in Texas in early 2009. What is the name of the Act of the economic stimulus that pumped $26.5 billion of stimulus money into Texas treasury?

Question

Social Studies

Jovan Madden

3 September, 05:25

The Great Recession occurred in 2008 during President Obama's first year in office. The Great Recession destroyed the economy in Texas in early 2009. What is the name of the Act of the economic stimulus that pumped $26.5 billion of stimulus money into Texas treasury?

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Aydan Carter · Answer 1

Answer:The American recovery and re investment act. Abbreviated as ARRA

This is an economic stimulus created in Feb 2009 to encourage consumer spending and boost financial services industry.

The economic stimulus boosted the economic growth of the country.