Essay on Economic Recession

The economic recession that occurred in 2008 great impacted higher education in areas such as tuition increases, financial aid funds and college graduates decreasing. The large budget state cuts mainly affected state universities as their main form of funding comes from the state. But the university where I work and am attending, National University, was also impacted. Our main form of funding comes from endowment and public tax exemptions for which were greatly affected by the economic downturn

THE GREAT US ECONOMIC RECESSION Introduction Did you know that by the end of the year 2009 the unemployment rate had increased from its average 5% to an astounding 10%? This is because 15.3 million people became unemployed as a result of the economic recession. No shocker, but poverty rate had also increased from 13.2% in 2008 to 14.3% in 2009. This meant that the number of people living in poverty in the United States had increased from 39.8 million to 43.6 million. This great increase had all happened

Great 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 commodities

stock offerings. “Air Canada reported losses of C$74 million in 1990 and C$218 million in 1991, and it reported that it had nearly two million fewer passengers in 1991 than in the previous year.” These failures were blamed on the effects of the economic recession and the decrease in travel due to the war in the Persian Gulf. However, it was clear that competition with international carriers was a major cause. To elaborate, the airline industry is considered to be a cyclical industry, meaning that it

Ever since the Recession of 2008, the process of acquiring employment has become extremely challenging and exhausting. After months of searching, a significant amount of job seekers are willing to accept any job offers that will allow them to put food on the tables. If you follow the United States’ economic recovery, you probably know that there are about 10.5 million unemployed Americans and constant debates about how to create more jobs. What you may not know is that there are actually four million

In 2008, the world was going through one of its worst times in history, the financial crisis and world economic recession. People were losing their jobs, their homes and their future with some having no hope of a recovery. The United States of America was in turmoil as their financial sector was almost dead and the manufacturing industry was close to collapse, the USA has basically not seen a thing like this since the great depression in the 1930s. Four years earlier, at the 2004 Democratic National

The city of Wortropolis faced an economic recession between 1980-2000. Wortropolis was a city that thrived from 1950-1980 with an economy based on large-scale manufacturing. The unemployment rate was 3% and the majority of residents owned their homes. In 1980 the city was hit with corporate frauds and illegal investment practices which lead to the collapse of the banking sector. The banking sector collapse lead to the economic recession. The recession caused problems of increased poverty, social

The Great Recession is possibly the worst economic times since the Great Depression after World War Two. Freddie Mac and Fannie Mae were two financial institutions that played a major role in the uprising of housing prices. Bundling home loans with different ratings together helped to get a good deal. There was money to be made with investors. When greed took over and good ratings were given to people for loans that they could never pay them back, there then was a shift in direction. The housing

When researching past economic recoveries, the housing market is the one to drive the economy out of recession. That being said, this economic recession hasn’t had much of an impact until recently. America’s housing boom had a tremendous influence on the economy for its low prices and flow of new home construction. The new construction market in the mid 2000’s was flourishing. People saw building a home as an opportunity for a solid investment because prices and rates were so low that certain homes

increasingly dependent on a steady tide of foreign investment. Switzerland has achieved one of the highest per capita incomes in the world with low unemployment rates and a low budget deficit. The service sector has also come to play a significant economic role. *Source: Wikipedia Switzerland in brief * Switzerland’s Real GDP *Source: World Bank Swiss | Year