Crisis

superpowers closest to a nuclear conflict. During the crisis, a fragile peace hung by only a thread for 13 days as the United States instituted a naval blockade of Cuba to turn back Soviet ships, and work to turn back the armament of Cuba with offensive nuclear, and tactical weapons within the Western Hemisphere. There were calculations and miscalculations as well as direct and secret communications and miscommunications between the two sides during the crisis. We will attempt to answer what the…

A fundamental break down in the existing economical arrangement was fabricated in the financial global crisis that started in summer 2007 and surprised many nations. Commotions in the financial world (banks) had an impact on the real economy in terms of people’s livelihoods. This financial crisis is globally significant to us, as it took place in the heartland of capitalism, the U.S., which is the richest most successful dominant capitalist power. The key trigger of the financial breakdown was…

textbook authors put the word “crisis” in quotes because, it was caused by human greed, and that could have been avoided. 2. The 2008 financial crisis hurt both individuals, business and the country in general. According to Ryan Guina’s article on the great recession; the recession was caused by greed! The United States’ economy is built on credit. Credit is a great tool that promotes growth and jobs, and if abused, the outcome can be catastrophic, as witnessed in the 2008 crisis. - For…

Understanding what a crisis is and how to effectively communicate in a time of crisis are two things that business managers must become acquainted with. The Flint Water Crisis is an excellent example of a lack of managerial communication during a time of crisis and how that lack of communication made matters worse. The situation in Flint can be looked at as what not to do during a crisis. This report will cover what happened in the city of Flint, what a crisis is, what crisis communication is,…

The mortgage crisis had always left many Americans unhappy and confused. They had felt cheated by the banks, whom they blamed for their decline in house values. They had also felt scared, as the entire financial sector was much too large and complicated for them to fully understand, and they had families to worry about. Like the average American, many scholars and economists today still are not completely sure about how the crisis occurred. There are many varying theories, some pointing at…

fraction of them have access to potable water. Only nineteen countries in Africa are estimated to meet the Millennium Development Goals (Saliu). Oftentimes, the people of South Sudan are forced to consume contaminated water thus this water and sanitation crisis consequently resulted in 400,000 water-related deaths in Africa (Saliu). Additionally, in South Sudan, the water contamination peaked during the South Sudanese civil war. Two primary South Sudan tribes, the Dinka and the Nuer fought…

Global Financial Crisis (hereinafter the Crisis) has been the most significant financial disaster of the twenty-first century thus far. With hindsight, it is possible to isolate the causes of the crisis and so be able to gauge the responses of political thinkers. As the most severe financial crisis since the Great Depression, it was natural that the political responses of the time would be both highly important and highly controversial. In order to understand the causes of the crisis, one…

For generations, Lake Taihu, China’s third largest freshwater lake in Wuni, Jiangsu Province, has provided a home and livelihood for over two million people. By way of contrast, in late May, 2007, a drinking water crisis took place following a massive bloom of the toxin producing cyanobacteria Microcystis spp. in Lake Taihu.2 Ultimately, due to unusual growth of algae, the lake digressed to completely green. Local reports say algae density is 38% higher than it was in 2016. Lake Taihu was known…

[resulted] in a loss of approximately $1.126 trillion over the next fifty years, according to Cuban government estimates” ("Timeline: U.S.-Cuba Relations"). Also during Kennedy’s presidency was the Cuban Missile Crisis, which took place from October 14, 1962 to October 28, 1962. The Cuban Missile Crisis refers to when the U.S. satellites discovered Soviet missiles in Cuba and in response ordered a naval blockade on Cuba that lasted thirteen days. The last major act of the sixties involving Cuba…

1). Many economists consider the crisis of 2007-2009 to be the worst financial crisis since the Great Depression. The housing market crash of 2007 was one of the major significant causes of this financial crisis. Between the period of 1995-1999, the housing market had a slow, but continuous growth. Once the stock market crash in 2000, most shareholders removed their money from stocks and put it into housing. The Federal Reserve endorsed the housing market to help create wealth and to assist in…