The Fiscal and Monetary Policy and Economic Fluctuations Essay - 2

The Fiscal and Monetary Policy and Economic Fluctuations - Essay Example The report further indicated that most businesses had embraced the use of machinery and computers in their operations. The outcome of this was that it affected the labor industry negatively in that people lost jobs as a result of being replaced with machines (Krugman, 2003). In the past five years, the U.S. underwent a great recession period. This period saw a huge drawback in the economy of the country since it recorded high cases of unemployment, high interest rates and a rise in inflation. This is because during the recession period, people were dependent on loans that were being offered by the banks to conduct their business and other operations of investments (Buti, 2003). The recession caused credit markets to stop funding cheap mortgages that were being offered to the public. Home owners were then faced with difficulties of repaying the loans due to the high interests that were imposed on them. This in turn made many individuals default on payment that caused banks to collapse due to them suffering enormous losses (Gramlich and Wood, 2000). The collapsing of banks resulted in detrimental effects to the economy of the country as it was brought to a halt. This is because the growth of the economy was dependent on credit loans that were used for inv estment purposes that in turn helped boost the economy (Krugman, 2003). Most Americans lost their jobs during the recession period. In fact, studies conducted indicate that about 8.8 million individuals lost their jobs as a result of the great recession. This can be equated to between $50,000 to around $120,000 in loss per household (Buti, 2003). However, the drain in the economy was stopped by the Federal and Congress bank who intervened by offering loans with low interest rates. This took place between 2008 and 2009 (Krugman, 2003). From that time to date, banks are still reluctant to lend money to potential investors. This is due to fear of them

Comparison and Contrast Essay Example | Topics and Well Written Essays - 500 words

Comparison and Contrast - Essay Example According to the contra-divorce view, family is the smallest but the most important unit of a society, it has a huge impact on various social constructs and, at the same time, it plays significant and crucial roles in shaping a child’s mind during its earliest years. The process of socialization, which decides who and what a man will be, starts from this smallest unit of society. But inevitably this familial organization significantly depends on the marital bond between a man and a woman for its existence in modern society. Consequently, divorce is considered to be a direct blow on this important societal unit. Divorce hampers a child’s harmonious mental and physical development. Family is accepted as a man’s first and foremost efficient training center through which a child becomes familiar and learns to revere the morals, rules, and regulations of the society. It is the family in which a child gets the fundamental behavioural patterns that tend to be further sh aped by other social institutions such as religious convictions, educational, political systems, etc. The issue of children’s welfare and strong marital bond are related to each other.