Growth of the American Economy
The Troubled Asset Relief Program (TARP) was a program created by the U.S. government in 2008 to purchase toxic assets and equity from financial institutions to strengthen the financial sector during the Great Recession. It aimed to stabilize the economy by restoring liquidity and confidence in the banking system, allowing banks to continue lending to businesses and consumers. TARP marked a significant government intervention in the economy and played a crucial role in the recovery from the financial crisis.
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