What Caused the Economic Collapse of 2008?

In addition to new freedoms arrives the idea that one can make as much money as he or she desires. If those methods were to include educational scholarships or a job, money is always available. Dana Gioia’s “Money” poem makes the statement, “Money breeds money” (69). In the minds of the America

“The Rise of Organized Money” is an inequality that has created many things since a certain social adjustment: youth rebellion, revolution, economic deflation, and the oil shock. These creations alarmed the country’s business leaders and turned their alarm into action. Packer explains the the rise of organized money created an enormous transfer of wealth to the richest Americans. It has also created an immense divide between the economic and social classes, specifically between the rich and the middle class. However, Packer explains that getting rid of the elites would not necessarily empower ordinary people.

If billions of dollars were up for grabs, what extremes would you go to in order to get it? The novel Ready Player One is about a future society much overpopulated where people spend most of their time in the OASIS, a virtual reality world. The huge success of the OASIS made its inventor, James Halliday, the richest man alive. Before his death, he created a treasure hunt with the prize being the inheritance of the OASIS and all his fortunes. The main character, Wade Watts, devotes all of his time to learning about Halliday with hopes of finding a clue to the first gate.

“Money talks” is an expression many form as a simple analogy to the problem associated with wealth today. However, the value of money is not to be taken in vain as money does not always showcase the attributes of knowledge and power. At the same time, those who do possess money do, in some cases, possess the attributes commonly associated with the wealthier class. “Money and Class in America” wrote by Lewis Lapham in 1988, showcases the pessimistic feelings Lapham has towards the American faith in money. Lapham believes that Americans are at a loss to hold the majesty of money at bay. Though I agree with Lapham to a point, I also believe that the assumptions of Americans do apply to a point.

Bridgeford-Smith, Jan. "MONEY, MORALITY and MADNESS." ["America's Civil War"]. America's Civil War, vol. 28, no. 4, Sept. 2015, pp. 46-53. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=khh&AN=103267901&site=hrc-live. Accessed 13 March 2017

In American society, wealth has played a particularly significant role in shaping the culture and standards set for our country. With every dilemma that has occurred, money was been an underlying deciding factor in the end. John.F.Kennedy makes this very clear in his statement on lowering the prices of steel, all the way Jennifer Price's take on people being obsessed with a money, even Scott Russell’s article on the status quo Americans believe determines one's happiness and success. All of these passages tie together to show just how money influences our very own society.

“Ten Trillion and Counting,” paints a very daunting picture of what lies ahead during the next election. What promises that may lie to end this all are quite difficult to predict but borrowing and spending can only last for so long. American’s standard of living is at a risk, we cannot continually borrow year to year to fund this lifestyle of wanting but not paying for it. This documentary shows exactly that we must learn how to live on what we

In Margaret Lyons’s Vulture article, “On the Briefcase, Poor Americans have to ‘Prove’ Themselves,” was posted on May 26, 2015. Lyons ' discusses how ‘The Briefcase’ follows “Middle Class” American families that are experiencing financial hardships. The context of this article is economical situations present in American “middle class” families, as represented on a television show viewed all over the world. Lyons ' exigence is how the game show is purposely exploiting middle class Americans are using their setbacks against each other. She supports her claims with the ethos through opinionated information such as the real reason why the briefcase actually helps middle class people; logos, sharing the evidence on Les Moonves on how they make more money than the game show does in a month, pathos; how a woman is so overcome with joy she vomits.

Dana Gioia was once a business executive before become a writer, poet, and critic. He is much recognize, acclaimed, and awarded. President George W. Bush named him Chairman of the National Endowment for Arts in 2003. Money is a poem that is included in Dana Gioia’s book”The God’s of Winter.” This poem talks about something that everyone is very familiar with in their own way, money. No matter who you are, you know what money is and what money can do or cannot do for you. Dana Gioia illustrates in continuous metaphors that money can be earned, saved, shared, wasted, abused, and used, and that spending money is the prime objective of mankind.

Today in America, people will often argue about privilege and what makes you privileged. Arguably, one of the biggest advantages is money. If you grow up in a family with a lot of money, you automatically have a million more opportunities compared to someone who grew up in a family where they had to choose between eating that day or going to the doctor for your sick kid. In the movie, Grand Canyon, we’ll be taking a look at two families that represent this privilege and how that represents America.

Money is an underlying concept and influence throughout Foxfire and in today’s world; it plays a role in who one has connections with and the actions and choices one makes. Foxfire took place during the 1950’s, in the beginnings of The Cold War, a time of sociopolitical tension between eastern communism and western democracy/capitalism. This era of political propaganda led the wealthy of the time to justify their rapacious actions and ideals. In fact, Whitney Kellogg Jr., an affluent white male who owned many large corporations, opposed much of what is now commonly seen as basic human decency. He rants about giving workers “‘sick pay! [To] pay ‘em for being sick!... Pay ‘em for being drunks!-falling into their machines!’” (284) believing

Bernanke’s rise to the key of leadership at the Fed Research occurred at a time that there was a massive crisis, and was characterized with the Fed’s bold and effective response. In the Courage to Act, Bernanke explores a tireless and ultimate successful effort to prevent the crisis, which is considered as a mass economic failure. He and his colleagues at the time used the Fed capability to ensure that the U.S economy was afloat (Bernanke, 2015). From his experience before the crisis to the days the crisis loomed, and through the Great Recession, which followed, he offers readers with unparalleled and unequalled perspective on the American economy. The memoir reveals the creativity as well as the decisiveness of key leaders who contributed their leadership attributes to ensure that the looming crisis

With what started as one lender’s possibility of going bankrupt soon began to look like a major systemic risk issue on Wall Street. United States Government Leaders were left with tough decisions. Treasury Secretary Henry M. Paulson Jr had some of the toughest decisions to make during this time, make the lenders pay for the mistakes and go bankrupt or have the government assist them and provide them in order to stop what looked to be another great depression. Moral hazard, a situation in which a party is insulated from the consequences of its actions; thus protected, it has no incentive to behave differently, (Ahrens, 2008) was often the topic of discussion and reasoning behind his decisions for Paulson.

With all the hype about the Mega Millions jackpot, you may have missed this Canadian story:

“Money is, in other words, a complete abstraction—one that we are all intimately familiar with but whose growing complexity defies our comprehension.”(J. Surowiecki, 2012)