Recovery Act (American Recovery and Reinvestment Act of 2009)

The American Recovery and Reinvestment Act of 2009 was a law enacted to help the U.S. economy recover from the Great Recession. It provided about $787 billion in funding to create jobs, promote economic growth, and support communities. The act invested in infrastructure projects, renewable energy, education, and healthcare, aiming to stimulate demand and reduce unemployment. It also targeted assistance to struggling families and industries to stabilize the economy and lay foundations for long-term growth. Overall, it was a comprehensive effort to rebuild the economy through government spending and investments.