(of high interest rates, of high oil prices, and of a higher
unemployment rate) generated a breakdown in the
housing sector and squeezed the American people
financially. Consequently, the economic crisis (or the
Great Recession) in the American economy had
occurred.
Section two of this paper provides the theoretical
framework for analyzing the economic condition, and
section three brings facts supporting the proposed
analysis. These facts cover the dominant triangle:
militarism, oil corporations, and the Fed. Clearly, these
facts support the analysis that this dominant triangle is
responsible for the recent Great Recession of the
American economy. The last section is devoted to a
summary and conclusions.