The Great Recession of 2008 - 2062 Words

Abstract A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economys fall into a recession, but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline, unemployment rate can rise due to less spending which can be one of the combined factors when an economy falls into a recession. Inflation is the general rise in prices of goods and services over a period of time. Inflation can happen for reasons such as higher energy and production costs and that includes governmental debt. Great†¦show more content†¦However, Sweden and the United States are also significant trading partners, with the U.S. spending less and losing more jobs. As demand fell so did Sweden’s export contribution to its GDP, thus spiraling Sweden into a recession. Key interest rates began to fall in Sweden same as in the United States due to the global financial meltdown. â€Å"As the demand for loans diminish, interest rates tend to decline as well† (Schiller, 2010). Dissimilarities of U.S. Recession and Other Nations Although, Japan and Sweden had few similarities with those of the United States during the Great Recession, there were dissimilarities that displayed the U.S. failure to achieve full employment GDP and other factors. †¢ Japan’s unemployment rate of about 4% opposed to the U.S. unemployment rate of close to 10%. Even the financial debt to GDP ration is an advantage, and debt in the private sector has not increased unlike the U.S. and European countries, (Time, 2009). In addition, since Japan is a huge exporter and with the U.S. demand going downward, the international balances and growth declined especially as the dollar value dropped and the yen surged. †¢ Unlike the United States, Sweden took a double hit as weak international demand for its products and interest rates at home – GDP contracted by 0.4% down, according to Sweden Real Estate (2010). Sweden’s home prices keep rising while the U.S. home prices had plummeted.Show MoreRelatedThe Great Rec ession Of 20081123 Words   |  5 Pages The Great Recession of 2008 Debra Turner ECON 102 Professor, Shahrokh American Public University September 26, 2015 â€Æ' The Great Recession of 2008 Recession is a significant decline in real GDP, real income, employment, industrial production, and wholesale/retail sales, which last more than a few months. (Economic recession, n.d.) Further, a recession typically begins after a peak in the economy and ends at the trough, however, â€Å"the start and end dates are determined by the Business Cycle DatingRead MoreThe Great Recession Of 20081691 Words   |  7 PagesStefanos Lazaridis Professor Demiray Economics 200 October 18, 2015 Great Recession of 2008 The Great Recession in 2008 led to a huge crisis in the United States economy. This recession almost led to the entire collapse of the United States economy due to the constant unstable changes in legislation, regulation, along with the changes in fiscal and monetary policies. Furthermore, many economists believe that the increase of excess monetary and government irresponsibility led to the overall crisisRead MoreThe Great Recession Of 20081814 Words   |  8 PagesSubprime Lending and the Recession of 2008 The great recession of 2008 affected everyone around the world. The great Recession is considered the second worst economic crisis in American history, behind the Great Depression. The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry. There is no doubt that subprime lending was a major cause of the Recession. It was a tactic used byRead MoreThe Great Recession Of 20081388 Words   |  6 Pages The great recession of 2008 affected everyone around the world. The great Recession is considered the second worst economic crisis in American history, behind the Great Depression. The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry. There is no doubt that subprime lending was a major cause of the Recession. It was a tactic used by investment banks in order to get more moneyRead MoreThe Great Recession Of 2008-91850 Words   |  8 PagesThe Great Recession of 2008-9 was the deepest and longest capitalist economic slump since the Great Depression of 1929-32. The recent financial crisis is known as the â€Å"Great Recession† of 2008-9. Its downturn was sparked by the collapse of the US housing market. In 2006, the prices of home began to rise and the banks began to encourage potential homebuyers to take out larger loans. There were lower interest rates at the time, and this seemed like a good idea for most individuals who were searchingRead MoreThe Great Recession in the year 20081063 Words   |  5 PagesRecession 16Specifically, Freund (2009) defines global downturns as years when world real GDP growth is (1) below 2 percent, (2) more than 1.5 percentage points below the previous five-year average, and (3) at its minimum relative to the previous two years and the following two years. 1975, 1982, 1991, 2001, and 2008 Freund (2009) describes the evolution of world trade following four previous global downturns. She finds that the size of the decline in world trade during these episodes is Read MoreThe Great Depression of 1929 vs. the Great Recession of 20082799 Words   |  12 PagesThe Great Depression of 1929 Vs. The Great Recession of 2008 In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what policiesRead MoreThe Great Recession Of 2008 Was A Worldwide Economic Downturn1673 Words   |  7 PagesThe Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been made to make a better understanding of the economic downturn in 2008 as well as the global economy as a whole. The book used as reference in this essay, the Diary Of A Very Bad Year: Confessions of an AnonymousRead MoreGreat Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the2500 Words   |  10 PagesGreat Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the world are adversely affecting economic development. Especially in this crisis compared with 1929 World Economic Crisis in September 2008 has become visible. The market value of real property in the United States losing one and kept it as a result of the increase in personal bankruptcies even though it is believed that triggered the crisis. Causes Throughout the 2000s, especially in oil and all commoditiesRead MoreFiscal and Monetary Policy Before During and After the â€Å"Great Recession† of 2008594 Words   |  3 PagesOne of the most interesting facets of The Great Recession of 2008 is that it didn’t really begin in 2008. The fiscal and monetary policy that prompted what we know now as the Great Recession of 2008 really began in 2006 and 2007. What was happening then and why did it take so long for the nation to feel the recession? The answers to those questions explain a great deal about how the Federal Reserve Bank operates and how the different ideologies of economics affect our nation (Sumner, 2011). In

Detrimental Social Problems Substance Abuse Essays

Substance abuse is one of the most detrimental social problems found in all societies. It has been the leading cause for generational breakdowns of families and communities, and is probably the most controversial social problem when developing corrective solutions. Substance abuse can be defined as the chemical dependence, or pattern of usage of both legal and illegal substances, that has adverse physical, psychological, and psychomotor effects on the human body. The use of substances does not always have to be a drug, but can also be anything taken into the body that can cause a mood-altering effect, such as inhalants or solvents. Additionally, substance abuse has many different faces and is the one social problem that crosses all†¦show more content†¦The only method to keep him from taking the drug is imprisoning him† (http://www.druglibrary.org/schaffer/history/negro_cocaine_fiends.htm). These words are haunting, especially when taking into consideration societyâ₠¬â„¢s response to crack cocaine and the African American communities in which were flooded with the drug. It is common knowledge that America has the world’s largest population of prisoners, and in 2008, a study was completed by the Pew Charitable Trusts which indicated that half of the inmates in jail and prison are serving time for nonviolent drug charges (http://www.pewstates.org/news-room/press-releases/new-pew-study-finds-36-percent-increase-in-prison-time-served-85899394970). Since the â€Å"War on Drugs† approach about forty years ago, the criminalization of the addict has done very little to address the problem of substance abuse in society. While there is no one clear cause of substance abuse, there have been patterns identified in substance abusers, that may be the underlying factors that lead to the addiction. Some of these factors include mental health and biology. Persons who suffer from untreated and/or undiagnosed mental illness are prone to turn to substance abuse in their attempts to self-medicate. Due to the mood-altering effects of substances, those who may experience anxiety, depression, and psychotic symptoms, tend to find temporary relief from such symptoms in their drug usage, however the adverse effectsShow MoreRelatedThe Abuse Of Drugs And Alcohol1365 Words   |  6 PagesThe abuse of drugs and alcohol has been a known issue over past decades. The media paints the picture that alcohol and drug use is fun and the only way to have a good time. While alcohol in moderation is fine, many people find themselves going over board and abusing it. Elicit drugs like cocaine and heroin are highly addictive and have several adverse effects. People find themselves depressed and anxious so they ultimately try to use these drugs to mask the pain instead of getting help for theirRead MoreEmotional Trauma Within The Family1568 Words   |  7 Page sTrauma within the Family Parental substance abuse directly affects the emotional well-being of children within the family. It is estimated that one in four children in the United States are exposed to a family member’s alcohol abuse or dependence, and one in six children lives with a parent who has used illicit drugs in the past year (Journal of Child and Family Social Work). Children exposed to parental substance abuse are at an increased risk for various problems such as, emotional and behavioralRead MoreSubstance Abuse Among The Elderly1473 Words   |  6 Pagespopulation is that of substance abuse as it pertains to the increasing numbers of substance abusers, and/or the increasing rates of substance abuse among the elderly population. A national public health concern is that the rate of elderly substance abuse will rise sharply as boomers enter older adulthood. This research is not intended to be an entire comprehensive and exhaustive review of all research findings but a review to highlight those findings concerning substance abuse among the elderly. LiteratureRead MoreEssay on Social Aspect of Substance Abuse1001 Words   |  5 Pagesstates that substance use refers generally to the ingestion of illicit drugs such as marijuana, cocaine, opiates, barbiturates, benzodiazepines, PCP, amphetamines, etc. The use of illicit drugs, such as alcohol and nicotine, are less frequently included in this definition, despite their widespread use and undisputed potential for harm. Substance abuse, however, is a more value-laden term which implies substance use, probably over time, which is somehow detrimental or harmful. Thus, substance use needRead MoreSubstance Abuse And Its Effects On Society Essay1579 Words   |  7 PagesAmerica’s silent killer, substance abuse. Substance abuse affects the user and everyone that they are around and most of the time the user doesn’t even realize nor care that it affects other people because they are consumed by the substances. These substances have the power to dramatically change peopleâ⠂¬â„¢s lives, such as the physical toll it takes on our body, the ways in which it corrupts our metal process, and the detrimental effects it has on our social lives. Most substances that are used in our societyRead More Alcohol and its effects Essay1479 Words   |  6 Pages Alcohol is a large part of American culture. All over the United States drinking is not only acceptable but a social norm from teenagers to adults. This is not only the case in the U.S., but all over the world, where some drinking ages are 18 and 19 years of age. In America specifically, alcohol has been around for centuries and is a large part of many social gatherings. Although this is the case now, in the early 1900’s during the prohibition period, all alcohol was banned and deemed illegal toRead MoreAlcohol And Drugs And Their Effects On First Year Students1544 Words   |  7 Pagesoverwhelming voice against control of these substances. First-year students are hit the hardest by this influence, being freshly exposed to the freedom of moving away from parents. It is this freshness, combined with the vast availability and marketing of alcohol, that causes college f reshmen to be extremely susceptible to its effects. Despite how drugs and alcohol are romanticized in the media and easily available to college students, these substances have a negative effect on sleep habits, attendanceRead MoreSubstance Abuse : An Individual s Life1608 Words   |  7 PagesSubstance abuse can be very detrimental to an individual’s life. According to the World Health Organization, substance abuse is defined as, â€Å"the harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs† (2015). It does not matter what type of substance a person abuses, any one of them can alter one’s perception, judgement, and physical control, which leads a person being destructive in the future. If a person is fully dependent on a substance, by the time they withdrawRead MoreSubstance Abuse Paper1198 Words   |  5 PagesSubstance abuse is one of the most common comorbid conditions among individuals diagnosed with schizophrenia (Schw artz et al., 2007). Previous studies have shown that nicotine, alcohol, and cannabis were the most frequently used substances in individuals diagnosed with schizophrenia, followed by cocaine and amphetamine. Individuals with substance use disorders have negative long-term outcomes and poorer overall quality of life. Researchers suggest that substance abuse complicates individuals withRead MoreIn the course of child development, a multitude of factors have severe ramifications on the child’s900 Words   |  4 Pagesvariety of forms. Genetic, biological, psychological, familial, and social-cultural influences can be seen on each side. Not only do they exist in a variety of forms, but their abilities also depend on contextual situations such as age, gender, and environmental conditions. It is important to look at these factors when determining norms in developmental pathways or observing deviances, which could explain future behavioral problems. On a superficial level, the amal gamation of risk and protective factors

Economic and Political Thoughts of Key Economists free essay sample

This paper looks at the the economic and political thoughts of key economists on the role of government in the economy. This paper summarizes the economic and political thought of key economists and classifies them according to the level of government control on the economy. Karl Marx and Friedrich Engels, who believed in the public ownership of productive property, are the advocates of strong, centralized government control. At the other end, Adam Smith, Joseph Schumpeter, Ludwig von Mises and Milton Friedman all espoused laissez faire economics. The middle ground is the fiscal policy of John Maynard Keynes. The second part of this paper discusses why the Keynesian model is both informed by and compatible with Christian principles. In the third part the writer recommends against increasing government regulations on the United States economy in the face of technology such as Napster and cloning. Instead, he argues that a careful application of Keynesian programs would ensure that the Unites States economy remains healthy and competitive. We will write a custom essay sample on Economic and Political Thoughts of Key Economists or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The fact that capitalism continues to flourish, despite the predictions of Marx and Schumpeter, are testament to this economic systems primacy. Though they had different reasons for sounding capitalisms death knell, Marx and Schumpeter made a common mistake by underestimating how much technology revives capitalism. Marxist scholars such as Lenin later showed how capitalism has involved into imperialism, given that technology allows capitalists to extend their private ownership beyond the nation-state. Schumpeter, on the other hand, did not anticipate how these technology such as the internet have given rise to a new kind of daring entrepreneur, who have in turn created new industries and opened new markets.

Annotated Bibliography for Psychology free essay sample

In the following viewpoint, the author forms facts and opinions about the existence and prevalence of attention deficit disorder (ADD) which is characterized by over activity, impulsiveness, and inattentiveness. His tone is educational and also subjective. The article would be helpful to doctors treating ADD patients and concludes that the acceptance of ADD by the educational community is especially troublesome due to stigma. Benner, Gregory J, Jill Allor, and Paul Mooney. â€Å"An Investigation of the Academic Processing Speed of Students with Emotional and Behavioral Disorders Served in Public School Settings. Education Treatment of Children. Aug 2008: 307-332. Academic Search Premier. , Booneville, MS. 24 Sept. 2008 lt;http://www2. nemcc. edu/Library/ /online_databases. htmgt;. This article is twenty-six pages long and focuses on children and adolescents with emotional and behavioral disorders. The authors use a cross-sectional design to investigate the percentage of K-12 students with EBD. The article is divided into six bold sections, and the style of writing is very formal. We will write a custom essay sample on Annotated Bibliography for Psychology or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This is a good source for education and treatment of children. â€Å" Child Psychology. The Concise Corsini Encyclopedia of Psychology and Behavioral Science. 2004. Credo Reference.,Booneville, MS. 26 Sept. 2008 lt;http://www2. nemcc. edu/Library//online_databases. htmgt;. This article contains no graphs or pictures. It explains how child psychology deals with the personality and behavior of children, typically from conception to puberty. This reference contains the history and theories of what child psychology entails. It also includes how and why child psychology is important, the different stages of childhood, and the academic quality that is seen in the United States. Annotated Bibliography for Psychology free essay sample In the following viewpoint, the author forms facts and opinions about the existence and prevalence of attention deficit disorder (ADD) which is characterized by over activity, impulsiveness, and inattentiveness. His tone is educational and also subjective. The article would be helpful to doctors treating ADD patients and concludes that the acceptance of ADD by the educational community is especially troublesome due to stigma. Benner, Gregory J, Jill Allor, and Paul Mooney. â€Å"An Investigation of the Academic Processing Speed of Students with Emotional and Behavioral Disorders Served in Public School Settings. Education Treatment of Children. Aug 2008: 307-332. Academic Search Premier. Letting go is the final frontier for boomer parents, who have made children a rearing major focus of their adult lives. The article is seven pages long, written in parental style, meaning written for the boomer parents. Loughry, Maranne, and Carola Eyber. Psychosocial Concepts in Humanitarian Work With Children: A Review of the Concepts and Related Literature. We will write a custom essay sample on Annotated Bibliography for Psychology or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Washington, DC National Academic Press. 2003. NetLibrary. NEMCC Lib. , Booneville, MS. 26, Sept. 2008 lt;http://www. netlibrary. com/gt;. This book is one hundred and twenty-nine pages long. This book provides abroad overview of some of the major issues in psychological research on the impact of war on children. This book is divided into many sections such as: gender, age, adolescence, trauma and many other topics. The writing style is intended for professionals in psychology but can be understood by average readers. This book is intended for use by psychology majors and others interested in in helping children. â€Å"Psychiatry. † Issues Controversies, 08 Aug. 2008. FACTS. com. Facts on File News Services. NEMCC Lib. , Booneville, MS. 29 Sept. 2008 lt;http://www2. nemcc. edu/library/ The handbook focuses on psychologists. It is six pages long and gives details on the duties of psychology workers. There are six main topics describing what the functions are. The projection data chart explains the different occupations under psychology. It is written for job seekers in the field of psychology work. This article is written in informative style and would be great help for someone wanting to major in psychology. Winerip, Michael. â€Å"Parenting for Hyperactive Children, A Special Place. New York Times on the Web 17 Sept. 2008. 24 Sept. 2008 lt;http://www. nytimes. com/2008/09/21/nyregion/new Jersey/21Rparent. htmlgt;. This newspaper article focuses on parenting for hyperactive children. It explains how a 6-year-old with attention deficit hyperactivity disorder can never control himself. He article displays pictures of the 6-year-old doing art and hanging a photograph of himself on the wall. The article is short in detail, but does give great advice o how to help cont rol hyperactive disorders. This newspaper article tone is informative and would preferably be a good source for child psychology workers.

Rush free essay sample

The Continental Airlines Arena hosted Rush a few months ago. It was the last concert of the trios grueling three-month tour. As a Rush fan no, as a Rush fanatic I was anxiously awaiting the moment when the arena doors would open and the band would begin to play. Twenty thousand Rush fans lined up, waiting for Rush. The chants for the band could be heard throughout the arena. The lights dimmed, and the theme from the movie 2001: A Space Odyssey began to play. The band took the stage and opened up the night with their 1991 hit, Dreamline. Immediately, the fans went wild. They continued with several new songs from their most recent album Test for Echo. Many of the bands older tunes were also played, including Red Barcheta, Spirit of Radio, and Natural Science. But the highlight of the night definitely had to be the complete performance of the space opera 2112. We will write a custom essay sample on Rush or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This was the first time the band had performed the entire twenty-minute song. The band ended their set with the their 1981 smash hit, ATom Sawyer. Through the entire concert, you could see all the dedicated fans singing along with precision. The concert ended with an encore performance of the instrumental YYZ and a section from the 1977 song, Cygnus X-1. Overall, I thought that the concert was incredible. The band was tight throughout every song, and the set list was the best I have heard yet. If Rush comes to a town near you, I would definitely buy tickets to experience this great music event.

Mesopotamia essays

Mesopotamia essays Before man started recording history, the beginning of civilisation, they were hunter-gatherers. This meant they moved around from place to place using only what they needed from the natural resources. Historical evidence, though fragmentary, suggests that once they started domesticating the animals they were hunting and the seeds of the plants they were gathering there was no need to constantly move. One of the earliest areas that we have historical evidence on is Mesopotamia. Mesopotamia was an area in and around the Tigris and Euphrates Rivers. At the southern base of these two rivers, where they join, are alluvial flood plains. Both rivers are surrounded by land which is mainly very hot desert and marshes, much as it is today. We know they had started herding and developed agriculture around small villages. The evidence shows men developed as they do today. From the fragments we do have we know that cultures and social rolls changed according to changed circumstances. The new knowledge was passed on from one generation from the next and improved upon. It seems that settled villages encouraged people from the hills to gather in these villages. More people meant more herding and agriculture, more permanent fixtures to house the larger populations and the food. The different peoples brought with them different knowledges and as they all integrated significant technologies we re passed on and developed. Some of the significant technologies they developed were baked clay, used for bricks for homes, pottery, urns and other kitchen utensils, and also for calved statues and ornaments. It is these technologies, that archaeologists have dug up, that we get most of the knowledge about this culture. The reason they used clay was that it was readily available. There does not seem to be too much stone. Although some stone axes have been found. They would have seen that when the fertile clay was dried out in the sun it became ro ...

Chapter 5 Essay Example | Topics and Well Written Essays - 250 words - 1

Chapter 5 - Essay Example Then proceed to the actual purchase. The decision to purchase and the selection will be based on the features of the product, the perceived value and its capabilities. Then proceed with post purchase analysis. From the onset, the marketers should know that purchasing only exists because there exists are need. It therefore follows that the strategy to generate or reinforce a need in the consumers mind is absolutely significant in stimulating the consumer purchasing behaviour. This can be done through thorough marketing campaigns such as advertisements. The marketers should create brand awareness among consumers. Consumers normally select products that they know by name or those in their mind, this is called Top-of –mind awareness or TOPA. The marketers also need to improve customer relations and the general shopping experience for the consumers. This will go a long way in forging strong relations and improving reputation of the marketer’s product hence creating customer