Economic Impact Of The Great Recession - 851 Words

This paper will be defining the 2008 great recession and the economic impact which the United States wasn’t aware of. The great recession affected various businesses and others forced to increase prices or close doors immediately. Fiscal and monetary policies will also be discussed briefly in detail knowing the differences and determining the best course of action. Lastly will be implementing possible solutions to fix the economic problem and prevent any future recessions that could pose a devastating impact to economy. 2008 Great Recession Involvement The Great Recession was best known during the late President Bush into Obama era. Great Recession defined as; the economic slump began when the U.S. housing market went from boom to bust and large amounts of mortgage-backed securities and derivatives lost significant value (Investopedia.com). As the housing market was crashing, houses and business buildings have become vacant which the per capita rate for many cities dropped. The issue forced gas prices and goods to increase to make up for the loss per capita rate percentage. The economy doesn’t see the big picture when prices rise and interest decreases, hurting, value and profits within businesses throughout country continue bringing down markets. Take Johnstown Pennsylvania for example; the city was known for the leading steel manufacturing companies. With the market declining with facts from 2000-2010 census data, Johnstown Pennsylvania has lost over 5 % ofShow MoreRelatedThe contemporary G reat Recession and the global financial crisis1032 Words   |  5 Pagescommonly believed to have led to the Great recession and to the present global financial crisis, these issues have been subject to much research. In fact, no one can claim that the Great Recession and the global financial crisis have been under-researched. In fact, the new world recession has been analysed from different angles and perspectives. Historians, economists, financial experts, psychologists, anthropologists and other experts in academic, financial, economic and other fields of research areRead MoreThe Beginning Of The Great Recession1392 Words   |  6 Pagesa. The Beginning of the Great Recession The definition of a recession is this: a significant decline in general economic activity, typically involving two consecutive quarters of decline in gross domestic product (GDP). In December of 2007, the American economy experienced an event of this nature—the Great Recession. This global financial crisis stemmed from what seemed like an isolated disturbance within the subprime US housing market but transformed into a catastrophic event. The GR officiallyRead MoreEffects Of The Great Recession On The United Kingdom Essay1405 Words   |  6 PagesBackground The â€Å"Great Recession† is commonly used to explain the massive economic contraction that occurred in the United States during the fourth quarter of 2007. However, the actions of the United States spanned to other nations, leaving massive effect on the global economy. One nation that took on serious financial burden during this recession was the United Kingdom. This nation first faced the effects of the Great Recession beginning in the first quarter of 2008. Overall, the initial mass effectsRead MoreDemand Side Policies And The Great Recession1191 Words   |  5 Pages DEMAND-SIDE POLICIES AND THE GREAT RECESSION OF 2008 TIMOTHY W. AUSTIN AMU/APUS ECON102 MACROECONOMICS DR. FREDERIC BOUCHET MARCH 25, 2016 INTRODUCTION According to Investopedia, â€Å"a recession is a significant decline in activity across the economy, lasting longer than a few months.† Technically a recession is viewed and measured by evaluating and verifying negative growth in a nations’ Gross Domestic Product (GDP) for two successive quarters. A recession can be seen when there is a declineRead MoreThe Great Depression Of The 1930 S1476 Words   |  6 Pagescontrast the great depression of the 1930’s and the great recession in the United State of America. First, I’ll make a general overview of each of these two different periods and then focus on certain specific aspects during these different times. This will include the causes to the economic recessions witnessed, impacts of the economic recessions and the solutions that were introduced. When talking about any topic regarding American history, it would be hard not to mention the 1930’s great depressionRead MoreThe Recession Of The United States1192 Words   |  5 PagesIntroduction The 2008-2010 recession is a period when an economic decline was witnessed in major world markets. The U.S. was among the worst hence pressuring the Federal Reserve to make efforts towards evading further damages. The recession was characterized by a rise in both economic demand and asset prices. Other features of the recession included high cases of unemployment, slumping commodity prices, and a drop of international trade. To avoid a further economic decline, the Federal ReserveRead MoreThe Reasons For The Debt917 Words   |  4 Pagesdepends on credit; the promise to pay later for goods and services used today; but along with consumer credit comes consumer debt. All these different types of consumer debts leads to many externalities all around the world which can create a large impact in our society and a problem to the consumer if they are not able to pay it off. Credit cards are one of the major types of consumer debt in which has increase over the years. It’s known to be the third largest source of household in obligation. PeopleRead MoreRunning Head: Great Recession 1. Great Recession5. . .884 Words   |  4 PagesRunning head: GREAT RECESSION 1 GREAT RECESSION 5 Great Recession Name Institution Great Recession There are times when a nation undergoes economic hardship for a long or short period of time. The recession is the term used by economists to define this period, it is a time when the nation?s economic GDP is low for more than two quarters consecutively (Beckworth, 2012). Recession often results in plunges in the stock market, unemployment, housing market, and a decrease in the qualityRead MoreEssay on Analysing the Recent Economic Recession and Its Effects1122 Words   |  5 Pagesalternation between economic downturns and economic upturns (Investopedia n.d.). A recession is an economic downturn and happens in every country and some recessions are worse than others and the output of GDP and employment are falling farther and faster. The great depression lasted from 1929-1933 and was a deep prolonged downturn in the business cycle before a recovery/expansion of the business cycle occurred and GDP and employment started to rise (Krugman Wells. 2012). The next recession lasted fromRe ad MoreThe Cause And Effect Of Leaded Gasoline1544 Words   |  7 Pages Near the end of 1857, President James Buchanan was faced with increasing economic turmoil due to the Panic of 1857. According to â€Å"Panic of 1857† on The failure of several important businesses and the fall in grain prices led to an economic downturn that affected the entire United States, which Buchanan chose to ignore. This financial slump ended several years later, but the consequences exacerbated other issues in the U.S., especially the tensions between the North and the South. In 1965, Clair

Supply and Demand and Larger Societal Forces Free Essays

â€Å"The microenvironment consists of the actors close to the company that affect its ability to serve its customers – the company, suppliers, marketing intermediates, customer markets, competitors and publics. The macroenvironment consists of the larger societal forces that affect the microenvironment – demographic, economic, natural, technological, political and cultural forces. † (Kolter, 2008) We stated on this website that marketing was about meeting needs and providing benefits and the customer should be the central focus of the business. We will write a custom essay sample on Supply and Demand and Larger Societal Forces or any similar topic only for you Order Now The companies marketing strategy should be focused around this concept, however, there are factors within the companies marketing environment which can constrain this activity. These factors are both controllable and uncontrollable and have to be carefully monitored by the organisation. The companies marketing environment can be defined as the ‘controllabe and uncontrollabe elements that influence the strategic direction of the company’. The companies marketing environment can be analysed in two broad levels. The macro environment involves looking at uncontrollabe variables that influence company strategy. This is is discussed further in PEST Analysis. Political Influences Relationships between coffee producing nations and US State Local government controls Economic Influences Constant demand for food and beverages Changes in disposable income could influence purchase levels There is an importance of economic indicators to the strategic planning process in any organization is the ability to benchmark economic conditions that contribute to improve profitability, business growth and market size. Starbucks have succeeded several economic factors as well as price elasticity of demand. Price elasticity of demand can be determined by the percentage change in the quantity demanded with the percentage change in price. They should consider household income that people are willing to spend more on food and beverages when household income increases. Starbucks innovation in joint ventures has opened new markets and opportunities increasing product use among different demographics. Starbucks has proven to be highly innovative in business culture that offers prepaid cards, priced from ?5 to ?500. Joint ventures with Pepsi Company, Dreyer’s Grand Ice Cream Inc and inspiring entertainment with the launch of â€Å"Hear Music† have developed Starbucks with great success. Starbucks has shown their values, leveraging market power, resources, and capabilities to achieve returns higher than their competition (Investment Group, 2001). How to cite Supply and Demand and Larger Societal Forces, Papers

Blacl on Black Crime free essay sample

When the FBI released its latest annual crime report showing that violent crime is on the upswing in many big cities, a bevy of law enforcement, officials, and criminologists prayed that the report was just an aberrant blip on the crime chart. There was good reason to hope that: murder rates have plunged in big cities during the past decade, and there was every expectation that things would stay that way. The recent slaughter of five teens in New Orleans and a desperate plea from Mayor Ray Nagin to send in the National Guard to help patrol the streets shattered that hope. While the murder rate in big cities is still lower than it was a decade ago, the terrifying reality is that in New Orleans and other big cities, the victims and their killers are almost always young black males. In the 25 years of homicide records from 1976 to 2002 by the Bureau of Justice Statistics, blacks are six times more likely to be murdered than whites, and seven times more likely to kill than whites. We will write a custom essay sample on Blacl on Black Crime or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They are far more likely to be gunned down over gang or drug disputes. New Orleans police speculate that that was the reason the five teens were killed. President Bush recognized that big city violence was a crisis problem. In his State of the Union Address in 2005, he pledged to shell out $150 million to youth education and violence prevention programs. It was well intentioned, but it was still a far cry from what was needed to stem the gunplay on urban streets. And as has been the case with other Bush initiatives, unveiled with much public fanfare, the attack on urban violence has fizzled out due to lack of money and lack of will to push it through. But even if the money and will were there, that would not get at the cause of why so many young blacks kill each other. More police, prosecutors, three strikes and mandatory sentencing laws, the death penalty, and the nearly one million blacks behind bars have done little to curb this carnage. Despite the pet theories of liberals and conservatives, blacks arent killing each other because they are violent or crime-prone by nature, because they are poor and oppressed, or even because they are acting out the obscene violence they see and hear on TV, films, and in gangster-rap lyrics. The violence results from a combustible blend of cultural and racial baggage many blacks carry. In the past, crimes committed by blacks against other blacks were often ignored or lightly punished. The implicit message was that black lives were expendable. It would be no surprise if the killer or killers of the New Orleans teens had a long, violent rap sheet but continued to roam the streets. Many studies have confirmed that the punishment violent blacks receive when their victim is white is far more severe than if the victim is black. This perceived devaluation of black lives by racism has provoked disrespect for the law, and has forced many blacks to internalize anger and misplace aggression onto other blacks especially those that are perceived as weak or defenseless. Far too many young black males have become especially adept at acting out their frustrations at white societys denial of their manhood by adopting an exaggerated tough guy role. They swagger, boast, curse, fight and commit violent, self-destructive acts. When many black males indulge their murderous impulses on other black males, they are often taking out their pent-up frustrations on those whom they perceive as helpless and hapless. This is a warped response to racism and deprivation, blocked opportunities, powerlessness and alienation. The Bureau of Justice Statistics noted that the other powerful ingredient in the deadly mix of black-on-black violence is the gang and drug plague. The resurgence of the drug trade in recent years and the flood of felons from prisons have made black gangs even bigger and more dangerous. Drug trafficking not only provided illicit profits, but also made gun play more widespread. Gang members used their arsenals to fend off attacks, protect their profits from predators, and settle scores with rivals. Broken homes, miserably failing inner city schools, and a chronic unemployment rate among young blacks which is double and triple that of white males in urban areas havent helped matters. Other than comedian Bill Cosby and some outraged local black leaders, mainstream civil rights figures havent said or done much about the black carnage. The sight of the National Guard on New Orleans streets may be a temporary comfort to residents and city officials, but its only that: temporary comfort. An impassioned Mayor Nagin put it best: local residents and community groups must put their foot down, say enough is enough, and take back their streets. Thats still the best way to stop the violence.