One of the most known economic collapses in history was the Great Depression. What led up to this was a plethora of political financial problems, wars deficits and famines. The U.S right now is teetering on the threshold of another recession. New restrictions on offshore oil and CO2 emissions, have hit the markets hard and has been indicated. What could help our economy would be another big innovation but the issue with that is that foreign countries can make it cheaper so by sending more jobs to Asia and China we lose those jobs here in America.