What Are The Major Problems California Has Faced Since 2000

First, we need to understand how the Great Recession occurred. It all started with President Ronald Reagan in the 1980s. Reagan was famous for his supply-side economic views (Amadeo 1). He used top-down economics meaning he used government intervention to give businesses tax breaks and subsidies to create economic growth. With this he also started a continuing phenomenon to deregulate Wall Street. He believed this would create vast economic growth and it did. But it created a bubble and it

The future of California is pretty good, for the state is projected to see growth in almost every sector of the economy as well as the population, but there are many concerns that must be addressed first in order to see California’s growth come to fruition. International trade and business is one of California’s largest industries and it’s expected to continue increasing, for many emerging economies are also located off of the Pacific Ocean. Growth in the economy is good, but requires resources that California has a limited supply of. The main resource California always needs is water, since most of the state’s population resides in the southern regions, which are arid and receive minimal precipitation annually. The state is planning on improving efficiency and the aqueduct system to increase the water supply while decrease the environmental effects California’s aqueduct’s have on regions like the San Joaquin River Delta. For many years California has been considered a very liberal and left state, which is due to the fact that the state has the toughest environmental legislation in the country. With such strong legislation ensuring the protection of the environment California has become a model state in the fight against climate change, and must remain vigilant for there are numerous species endemic to the state that are found nowhere else on the planet. Though there are numerous other factors’ affecting California’s future these are some of the most interesting areas to

During 1997-2006, house prices rose 85 percent. This led to an irresponsible consumer spending spree. Millions of people bought a house that they could not afford. Government regulatory agencies and mortgage lenders became less strict with credit restrictions so that people could buy homes without making any down payment. In 2007, however, the home values and sales began to decline. Due to the loss of trillions of dollars in home value, a record number of borrowers defaulted on their mortgage payments. America was put into a recession in 2008 because of the contraction of corporate spending and consumer purchased. The prices of consumer goods spiked, while employment declined. On October 3, 2008, former President Bush signed the Troubled Asset Relief Program; however, the bill did not restore the economy as a whole. By June 2009, America's economic recovery was at its weakest since the end of the Second World War. I chose this event in history because it had a major effect on America’s economy and changed the course of history. Historians need to study the Great Recession because America should learn from their mistakes. The Great Recession was due to different factors; however, if the regulations on credit restrictions were not tampered with, then the severity of the recession could have been

The first chapter of the book is an introduction to the economy, politics and people of California. It encompasses the economy, politics and demography of the state for the past, present and the future. The edition features updated demographic information of the state from the census that took place in 2010. The chapter explains the state’s transition from colonization to rebellion and statehood. It discusses California’s past, including the great depression, political turmoil, infrastructure, workingmen’s party and World War II. The growth, reform and progressive change of the state to what it is today is also highlighted in the book. California previously faced budget deficits

Right now there is a drought in California and it is due to the water usage. Bach in the gold rush due to miners mining for gold, the rivers became polluted and freshwater became limited. After the earthquake in San Francisco that cause a big fire, San Francisco was in dire need of water so they made a plan to built a dam in Hetch Hetchy. Many people argue as to whether to build the dam and in the end the dam was built and that has shape California’s water system hugely. The use of water in California now has not been in the best interest of the state because The amount of water use for agriculture is disportional, laws are making us use more water than needed and the Indians and environment are being harm.

According to the Bureau of Labor Statistics, the economic downturn beginning in December 2007 has resulted in a loss of 8.4 million jobs. In this same period, health care employment grew by 732,000.

In 2008 California was faced with a huge budget crisis and governing crisis as the state governing was not nearly as efficient enough to respond to changes and problems that were happening in the state. This was due to a lot of poor laws that related to taxation and to the way our state government worked. There is also unique differences with California than other states, like our direct democracy system, and many of our laws are compromises that don’t work well between liberal and conservative ideologies. Our politicians are also not well motivated to serve the people and would rather server their own special interests that benefit their own career. While there are still a lot of problems that California needs to deal with, we did make adjustments

The recession of 2008 is also called the ‘Great Recession’, said to have begun in December 2007, and took a turn for the worse in September 2008, and it was a severe economic problem expanded globally. This recession affected the world economy, and is said to have been the worst financial disaster since the Great Depression. The decline in the Dow Jones this time was -53.8%. Since the official start of the recession in December 2007, and through June 2010 there have been about 2.3 million homes foreclosed in the United States. In 2012, the state with the most foreclosures in January alone was California, with 51,584 houses being repossessed. Unemployment during this collapse was 8.5%, and continued to increase to about 10% as of 2010. People’s reaction to this recession was a huge decrease in spending and borrowing from banks, but an increase in saving.

California is a unique state that is the most populated. Sometimes state and national leaders differ over California's management. Maddees become worse when determining financial responsibility for costly issues.

America was facing the worst recession since the Depression. Nine million people were unemployed, many sick and elderly people became homeless and 17,000 businesses had to

In recent years, California’s water shortage has been an issue and in 2014 an alarming driest historical year has impacted the state in different ways. Because of the lack of rainfall and snow, California’s reservoirs are running insignificant water basins below their capacity. While water shortages are experienced slowly and throughout a length of time, the harshest impacts are noticeable in areas that produce California’s food where wells are used as resource for water in agriculture, and residential areas. Though, most agree the drought is an issue some do not agree. To understand the circumstances, this paper will look at the drought’s impacts on California’s economy for agricultural, famers, and consumers. Also, this written work will examine the environmental consequences of surface water obtainability, and the areas that have encounter the most devastating affects. For most, this paper will examine the allocations of the governor’s drought declaration, and the strategies used by residents to conserver water.

The challenges I faced are financial struggles back in California, living with my grandparents until I know which parent has custody, learning english as a second language, and finding who I am. I lived in California for 10 years until I moved to North Carolina in 2011. The household size was 10 and money became an issue. My grandparents household consisted of my aunt, 5 cousins, grandparents, my sister, and me. Most of my clothes were hand me down from my uncle that visited every week and I went to an elementary school that require uniforms. There was always food in the house due to food stamps from the government and family members helping each other out.

California is facing a severe crisis that is affecting the entire state. This situation affects businesses, farmers, and many households across the state of California. The crisis we are talking about is the drought that is taking a toll on the state. This drought started in 2011 and has not stopped since. This can be observed as the second worse drought in recorded history thus far.

The Great Recession that began in 2007 introduced people to a feeling not since felt since the Great Depression of the 30’s and 40’s. It reintroduced a new generation to the realization that we cannot take anything for granted. It sprung up fears in a fearless population, and out of it born a stress like no other. We can harness that stress; we own it as individuals, employees, as employers, as caretakers of the future.

Everybody in the United Stated was affected by the recession that began in December of 2007 and spanned all the way to June 2009. Even though the recession is over, many people are still being affected by it and have still not been able to recover from the great recession. “The recent recession features the largest decline in output, consumption, and investment, and the largest increase in unemployment, of any post-war recession”. Many people lost their jobs due to the recession and some of them are still having a hard time finding jobs and getting back on their feet. Businesses