How current state of capitalism impacted average americans

Assignment Help Microeconomics

Reference no: EM13737252

Please write a paragraph summary the documentary "Inside Job" or "Capitalism: A Love Story."

Discuss the financial crisis and how the current state of capitalism impacted average Americans. Further, do you believe that there still is a middle class in the U.S.?

Be sure to consider the difference between positive and normative economics; that is what is versus what should be with respect to the differences between the films.

The financial crisis of 2008 was the biggest crisis and recession after the Great Depression of 1929. Though there were few other recessions in between (July 1981 - November 1982: 14 months; July 1990 - March 1991: 8 months and March 2001 - November 2001: 8 months) before the 08's recession but the 08's recession was the biggest as well as the longest and caused much more damage in terms of 8.8 million jobs lost, according to the Bureau of Labor Statistics, only in USA.

The main cause of such a tremendous effect was basically the "greed" of Wall Street financial bodies. Almost all of the Board members of the most important institutions tried to make as much profit as possible in exchange of the security and money of a common citizen.

Whereas the common citizens and retirees lost their savings these "corporate goons" fattened their wallets.

Reference no: EM13737252

Questions Cloud

Explain how uses of energy transformed native american lives : why does the term "energy" feature so prominently in West's Contested Plains? Explain how new uses of energy transformed Native American lives on the plains in the eighteenth century.

Evaluate functions and responsibilities of channel members : Evaluate the functions and responsibilities of channel members and Assess areas of potential conflict between intermediaries and producers

Interactions work between project manager and project team : How will project communications and interactions work between the project manager, the stakeholders and the project team. What are some of the issues you, as the project manager will need to be concerned about in forming the project team

Diversity training manual : As the new human resources manager, you are now ready to complete the next section of a diversity training manual that is targeted at making your workforce supervisors more aware of current racial diversity issues (e.g., the dramatic increase in t..

How current state of capitalism impacted average americans : Discuss the financial crisis and how the current state of capitalism impacted average Americans. Further, do you believe that there still is a middle class in the U.S.?

Process for conducting an external environmental assessment : Describe detailed steps in the process for conducting an external environmental assessment. List some techniques that a business can use to determine what its customers value.

Strategy for advertising the new notebook : Propose your strategy for advertising the new notebook within other countries. Determine whether the content of the ads would be similar to the standardized ads geared toward other world markets or if they would be customized for a new country

What makes ugly american ugly in the minds of lederer : What makes the "Ugly American" ugly in the minds of the Burdick and Lederer? Do you think that the authors have a point? Do you find their supposedly un-ugly Americans more attractive?

Hospital disaster plan : Create a 2- to 3-page report in a Microsoft Word document covering the hospital's (internal) disaster plan for how the staff reacts and carries out their duties in the event of an internal disaster.

User Account

All Pages