Economic collapse

issues in the recent history of the United States and worldwide is the collapse of many financial companies. The backbone of the issue was caused by subprime mortgages and credit card loans. Some today wonder whether the policies and solutions implemented by this fiasco has done any good. There are some who still have an overall doubt of the morality, virtue, and goodness of the financial sector. The main cause of this collapse was due to subprime lending practices that many lending companies…

future” can always be extended. Layne also argues that economic growth has a causal relationship to military strength, for which there is a correlation, yet according to Wohlforth is not necessarily causal relationship. Wohlforth cites the fact that at the British Empire’s height, china had a much larger economy, yet Layne still considers the British Empire to be the sole Superpower of the time. This comes from the need to analyse more than just economics when evaluating…

Transition from socialism to democracy and capitalist system have been perceived negatively for a good amount of the Eastern European population due to severe unemployment rate, economic stagnation and job insecurity. For almost the majority of the interviewees, the socialist system provided better education, economic development and a more reliable health system. Economies in Eastern European countries such as Bulgaria, Romania, Slovakia, Estonia, Croatia, Latvia, Lithuania, Hungary, and…

only lead to an increase in international diplomacy for both countries, but shows that there are economic and humanitarian…

demographic collapse was located in Europe and Islamic lands where population growth stopped for over a century, sometimes even longer, noting that England's population did return to pre-black death numbers until almost four centuries later. This devastation of population demise caused a lack of day-laborers, in turn causing labor rates to increase manyfold. There was much more demand for labor than laborers available, allowing laborers to increase the wages. This brought about economic change…

shift. While Gladstone was very much non-state intervention is based on the concept of balanced budgets, low taxes, and often referred to as laissez-faire, were appropriate to a developing capitalist society, but they could not respond effectively as economic and social conditions changed. There are a number of reasons why liberal reforms were introduced. At the latter part of the nineteenth…

Weimar Republic was Stresemann’s foreign policies yet the weak coalition governments faced anti-republic and anti-democratic sentiments of extremist parties. Germany’s economy lacked structural integrity through its extensive loans from America as economic recovery was simply inadequate in protecting the nation from recession and crisis. Finally, competing interests of all cross-sections of society generated social…

Since the 2008 financial crisis, the general public has received a crash course in economics. Terms such as, “sub-prime,” “credit default swap,” and, “confidence” have been injected into the common vernacular. While the sub-prime mortgages and credit default swaps that contributed to the crisis are now often spoken about in the past tense, “confidence” continues to be at the forefront of economic discussion. This August, Bank of Canada Governor Mark Carney spoke of Canadian companies sitting…

Based on the three articles, there was a recent factory collapse in Bangladesh that has killed more than 1200 Bangladesh factory workers. In the article by Peter Dreier, he discusses how the New York Times newspaper company was able to dive deeper into the poor working conditions of Bangladesh. Dreier praises the New York Times and discusses how large companies that outsource labor today, such as Walmart, are handling the responsibility of employing workers in poor worker conditions. Dreier’s…

The social and economic consequences of austerity measures imposed by troika on Greece have been devastating. Since 2010, Greece’s GDP has fallen by 25 percent and unemployment rate is 26 percent. The youth unemployment rates are at an alarmingly high level. Currently, over 56 percent of young people in Greece are without a job and there are more than 450,000 families with no working members. After five years of fiscal adjustment and economic hardship under the austerity program, Greece’s major…