Recession

For example, during the 1982 recession, the gross domestic product dropped by 14.1%, which resulted in the overvaluation of their currency, making the currency more vulnerable to the volatility of the international economy. These changes led to a decrease in capital, which, in return…

The global economy has adopted several forms in recent history, however, these structures have been conducive to financial crises. The collapse of the Gold Standard, the Interwar Period, the collapse of the Bretton Woods system, and the 2007-2010 recession have all been crises that have shaped the international monetary structures. The misuse of economic fundamentals is the key reason for how and why financial crises occur. The Gold Standard was adopted…

According to CNN (2016) the unemployment rate is 4.9, but should we feel great about this rate or not? Unemployment concerns many people around this world. Finding a job is one of the hardest things that a person could face. It doesn’t matter whether this job is good or not, but it is hard to find one. At the same time, it is hard for a government to create jobs for people. Heather Long(2016) wrote a magazine article”Why doesn't 4.9% unemployment feel great?“ published by CNN, which discussed…

The Great Depression was a period of time lasting from 1929 to 1939 (a ten year span). The event that started it all was the stock market crash in October of 1929. 12.9 million shares were traded on October 12, 1929. The day became known as “Black Thursday.” Five days later 16 million shares were traded, making that day known as “Black Tuesday.” By March of 1930, 3.2 million Americans were unemployed and most had already lost their lifesavings, homes, and their hope. Riots began to break out by…

Still reaching adulthood today, the Millennial Generation are classified from those who reached adulthood from 1999 till now. The Millennial generation is named so as they lived through the Millennium. This generation is often seen as selfish and narcissistic as they have grown up through a technology boom, where taking “selfies” and promoting yourself on social media has become pop culture. But the generation is not just interested in themselves, they have witnessed tragedy through terrorism,…

One of the booming industries today, even during the recession, is the medical or healthcare industry. Many companies lay off their employees or forced them to file for resignation or early retirement because of the recession. This did not happen in the medical industry such as in the hospital or other healthcare facilities. In fact, these medical businesses have a continuous and increasing need of medical practitioners like doctors, nurses, technicians, and so on. You do not necessarily need…

where the centre of social and political success is the economy of a country, an issue that concerns many economists is the repetition of the 2008 global financial crisis. Due to key issues such as [IMPORTANT FINDINGS] one can conclude that a global recession such as the one of 2008 IS/ISNT likely to happen in the next decade. The 2008 global financial crisis was broadly the result of USA’s banking collapse and the ramifications thereafter. The banking collapse affected markets worldwide,…

Environmental Issues in the American Automotive Industry Competition in the American Automotive Industry is not only stateside, but global as well. There are car manufacturers from all over the world like Germany, Japan, America, China, Australia, Canada, and France. There are 40+ countries that manufacture automobiles and each one of them are in direct competition with each other. “It is suggested that the globalization of the automotive industry, greatly accelerated during the last half of…

“the Great Recession didn’t kill the American Dream. But the promise of a good life in exchange for hard, honest work has been bruised and frayed for millions of middle class Americans”(Chapman 210). This makes his argument sound more credible as an end result.Another example of this is when he brings in a quote from Reich “As long as income and wealth keep concentrating at the top, and the Great divide between Americas have-mores and have lesses continues to widen, the Great Recession won’t…

For the past century, the United States unemployment rate has fluctuation due to many factors ranging from recessions, depressions, and changes in workforce participation. Within the last decade, the United States endured a recession which caused major implications regarding the amount of jobs available and underemployment taking place. The evaluation of the unemployment of the United States takes into account many factors that many people tend to over look due to the extensive process. As of…