Financial Crisis in the USA 2007-2009: Impacts on the Foreign Trade with China

The purpose of this thesis is to summarize financial crisis, that took place in the United States of America between years 2007-2009 and to state its impact on the American foreign trade with a special focus on the trade with China. In the first chapter, the term "financial crisis" is defined and then the origin and the development of the global financial crisis, that started in 2007 on the American real estate market, are retraced. The second chapter begins with a general characterization of a trade balance, and subsequently focuses on the American trade balance. Firstly, the development of the American trade balance between years 1985-2012 is analyzed. Secondly, the changes in the American trade balance during the crises period between years 2007-2009 are unveiled. To conclude this chapter, the American foreign trade is characterized and the most significant changes in trade with single commodities during the crisis are highlighted. At the beginning of the third chapter the foreign trade between the USA and China, as well as, the development of their mutual trade balance are examined. At the end of the thesis the analysis of trade data between the USA and China is carried out and the commodities, that were influenced by the crisis the most and the least, are found.