How Did The Big Short Focus On The 2008 Economic Crisis

Improved Essays
Whereas Inside Job and The Big Short both focus on the 2008 Economic Crisis, their perspectives, cinematographic techniques, and graphic designs result in a similarly critical yet different film. Hence, it is difficult to decide which one is more effective. Inasmuch as I read The Big Short: Inside the Doomsday Machine by Michael Lewis before I saw the movie, I have to say Inside Job was better at exploring the financial services industry and unfolding how the crisis became a global issue. If The Big Short has explained how this economic crisis can be avoided from the perspective of a banker, then Inside Job has articulated the entire crisis in a cohesive story with vexation.

The Big Short was undeniably a success. The director Adam McKay

Related Documents

  • Improved Essays

    Black Tuesday In one day, America’s economy lost billions of dollars. On Black Tuesday, the stock market crashed causing the economy to crash. The crash was caused by a number of reasons. Buying on margin, speculation, and the mass selling of stocks caused the stock market to crash on Black Tuesday.…

    • 594 Words
    • 3 Pages
    Improved Essays
  • Superior Essays

    The global financial crisis was triggered by the U.S. housing slump in 2007 and 2008. After the dot-com bubble burst in 2001, investors were looking for another place to invest. They found this in real estate which was thought to be safe because prices were thought to always go up. With mortgages available at low rates Americans began to take on more debt. U.S. firms also began to borrow heavily to buy assets with relatively small initial out of pocket capital costs.…

    • 2020 Words
    • 9 Pages
    Superior Essays
  • Improved Essays

    During the year 2008, US faced its most severe financial crisis since the Great Depression. The federal funds rate, and interest rates in general, were at historic lows, unemployment shot up, decline in savings, U.S subprime markets or loans granted to individuals with poor credit histories, helped the US economic system crash. (Battilossi 14) The extremely low mortgage rates were really important, because they motivated people to rush to buy real estate. Even people who ordinarily would never be able to pay off mortgage got in on the action.…

    • 1162 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Section 3 The financial crisis of 2008 jolted the structure of the economy and affected numerous sectors. These crises occurred because of numerous reasons that stacked up and created a horrendous long-term impact for the overall economy. The financial crisis cost appears to be $5 trillion to $15 trillion. The stock markets fell miserably after this demise, and strategists were unable to control this demise. Several players played their roles in this demise, and players like banks, firms, individuals contributed a lot in developing the overall financial crisis of 2008.…

    • 598 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The Big Short Analysis

    • 791 Words
    • 4 Pages

    Analyzing The Big Short The whole housing market is built like a giant Jenga tower. The AAA mortgages are at the top of the tower while the BBB’s are the lowest base of the tower. The AAA’s and AA mortgages were to make so much money that the extra money was to trickle down to the BBB’s at the base. This information is in the book The Big Short: Inside the Doomsday Machine written by Michael Lewis. He has written many best-selling non-fiction books like Moneyball and The Blind Side both were also made into movies.…

    • 791 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Numerous people question whether the American Dream stills exists or if it died during the Great Recession. The American Dream, which is achieving financial success through hard work, is alive and well. The American Dream is definitely possible to achieve. Even though the economy has the potential to be unstable, gaining financial success through hard work is possible for everyone.…

    • 775 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    In 2008, an enormous global financial crash occurred impacting millions of people. The financial crash was the worst financial crash after the Great Depression of 1930. Many people lost their source of livelihood and jobs, therefore could not support their families. Interestingly, the main causes for both depressions was people’s lack of financial knowledge and understanding of how finance affects everybody. Becoming financially literate can allow people to steer away from such crisis.…

    • 496 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    John Allison lays out his plan to fix the world economy, following the financial crisis in 2007, in his book, The Financial Crisis and the Free Market Cure. Allison begins by detailing what he believes to be the cause of the financial crisis. From the very beginning of the book, it is clear he has a very strong conservative bias. The majority of the chapters in his book follow the same format: blame some federal regulatory body, show how those regulatory actions pushed the financial industry to make mistakes, then tell about his experience at BB&T and how they avoided the worst of the collapse. Allison holds nothing back taking shots at the Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve.…

    • 1821 Words
    • 8 Pages
    Improved Essays
  • Decent Essays

    Summary: The Big Short

    • 128 Words
    • 1 Pages

    A large reason the financial meltdown of 2007 occurred and continues to engender a vague apathy is the impenetrability of the terminology to the average person. Several documentaries, both successfully and unsuccessfully, have tried to parse the events that lead to the housing collapse to make it accessible to the average audience but none have really punctured through to the public consciousness. The Big Short tackles this admirably, managing to galvanize both an understanding and an anger from the audience while knee deep in fiscal mumbo-jumbo. It's a fascinating movie supported by great performances and a sincere, frenetic energy behind the camera. It should be required viewing for every high school student going forward, and it's a testament…

    • 128 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The Financial Crisis of 2008 has been attributed to various entities or regulations. While most of these conjectures make valid points, attributing such an immense series of events to just one or two entities or regulations is benighted. Arguably, what set the precedence for the ensuing crisis is influenced by who you ask but, a case can be made for the most apparent events that did impact the crisis. The names Fannie Mae, Freddie Mac, CRA (Community Reinvestment Act 1977), and AIG are just a few among all the conceivable notions.…

    • 820 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    During the housing market crash of 2008, many people lost their homes due to defaults on their mortgages. This incident derived from the greediness of bankers—wanting to profit as much as possible by overlooking key lending requirements—but when the crash happened, poor people and immigrants became the scapegoats. This added to the already bad reputation of these two groups in the United States. It was during this time that Ryan Zhang immigrated to America. Arriving at a tumultuous time, Ryan struggled to survive until he joined the church.…

    • 1371 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Conclusion The economic crisis in 2008 was the largest the country had seen since the great depression. While some believe that it could have been prevented if people had simply paid attention, everyone is in agreement that the country is still rebuilding to this day. It can be seen in the neighborhoods, and the fact that unemployment has just returned to the numbers before the…

    • 425 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    After arriving to Wood Middle School as I would on any other day, I walked into the bustling commons area and noticed a herd of students scattered into their separate cliques. However, what immediately caught my eye was the number of teachers and administrators who clearly looked flustered and distressed. I soon left the commons area and headed towards the library to figure what exactly was going on. Sure enough, there was a cluster of teachers gazing at the library’s television in utter disbelief over what would soon become known as “The Stock Market Crash of 2008”. Even though I was only in the 6th grade, I still had enough competence to realize that this was not an ordinary day in the stock market.…

    • 638 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    During the 1920’s America had experienced an economic growth in which not only did it made the Nation rich but the people were able to obtain more luxuries such as cars, jewelry, events, and even afford buying a house. By the time it had become popular for people to possess items of high value and even value them more than anything. The time during this period was suitable; People were earning more money and consuming more, which also meant that people were investing great amounts of money into stocks, but on October 29, 1929 the stock market took a downturn in which eventually led to the events of the Great Depression. As the stock market crash not it only did it affect millions of Americans, it affected the economy as well. This tragedy is historically known as “The Stock Market Crash of 1929,” were it focuses on the events that led to the stock market’s collapse and its aftermath, The Great Depression.…

    • 1304 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    INSIDE JOB ANALYSIS Submitted by Yashvardhan Singh, 2014PGP432 Inside Job is a commentary on the corruption in the financial system existing in today’s world. Starting from Iceland to USA, the film examines the key financial and political factors behind the financial collapse of 2007-08. The film starts from the political movement behind deregulation of the 1980s, development of trading instruments like derivatives and bundling of loans and mortgages into what was called Collateralized debt obligations (CODs). The film delves into how the subprime borrowers were given house loans at low interest which in the end led to collapsing of the whole system. The film ends by saying that despite recent financial regulations, the underlying system has…

    • 833 Words
    • 4 Pages
    Improved Essays