Аmerican Economic Crisis of 2020-2021: Cyclical and Non-Сyclical Factors
Statistical observations of economic crises and business cycles in the United States have been conducted since 1854. Since then, the economic crisis of 2020-2021 has ended its business cycle. The current crisis has many features in common with other previous crises, but also differs from them in a number of specific features due to the modern development of the United States. The liberal American economic model throughout its 245-year history has regularly, with a periodicity of 5-10 years, adjusted its development to new equipment, technologies and professions through economic crises, which were accompanied by an increase in unemployment and business failures, but then led to an economic recovery. Neither the development of economic theory, nor the heyday of the information age, nor the growth of the power of the state could “cancel” the crises and the cyclical nature of market progress. Cyclical factors do not lose their power in the XXI century. However, the events of recent years have been overshadowed by the global COVID-19 pandemic, which in the United States has claimed hundreds of thousands of lives of Americans of all ages and backgrounds, exacerbated the economic downturn and contributed to huge unemployment. Virtually all sectors of the economy and society were affected by the pandemic. This is the main feature of the current economic crisis, in which non-cyclical factors play a significant role. The article consistently examines these and other processes related to the American economic crisis of recent years. Attention is also drawn to the role of the global environment and the desire of the United States to maintain leadership in the global economy. The author points out the crucial role of the state in organizing and conducting an anti-covid-19 campaign.