America is in a Great Recession, and the American Dream seems to be dying (if not already dead) to many Americans. I don’t think that the American Dream is dead; it just needs rehabilitation due to the injuries it sustained from the hands of an unregulated government. Though we are in a Great Recession, every American can progress their lives for the betterment of themselves and future generations. According to Brandon King (2011) in The American Dream: Dead, Alive, or on Hold? : “…the most worrisome problem is inequality: that wealth is concentrated into the hands of a rich minority.” Because of this, many Americans and politicians are arguing about either “raising the taxes on the rich” or “supporting the richest sectors in America” (Thomas, 2011) to stimulate the economy.
The world has changed and we are asked to return to life as usual. I find this concern with consumer confidence somehow incongruent with the events that are taking place in Afghanistan right now. The economy is, without a doubt, a defining characteristic of the American way of life, and a weakened economy would jeopardize its stability and security. "’Sept. 11 dealt a very serious blow to the economy, demonstrating the cost of inaction,’ says White House spokeswoman Claire Buchan.
Rich, poor, middle class, privileged, etc. are all ways to define oneself in the American Society, but as we reach the end of this decade, will we be able to say we efficiently took care of our American people? In Barry Goldwater’s The Conscience of a Conservative and Michael Harrington’s The Other America: Poverty in the United States, the issue of poverty and social welfare are brought to the attention of the readers but in drastically different ways. Goldwater claims that the responsibility of Americans lies on the individual, as in you are responsible for what happens to you. Harrington offers a more sobering view of this issue by explaining the general disregard for those less fortunate than the affluent members of the American society.
Although Hoover approved all of these he thought they would lead to socialism and collectivism. Hoover was more focused on blaming inte... ... middle of paper ... ... President Hoover’s attempt to deal with the Depression and its victims seemed to fall short in the country’s eyes. His approach using his ideals and experience were not suited to fix the ever-expanding depression and it’s problems at that time. His belief of helping the wealthy and the big businesses would trickle down to the suffering people at the bottom of the economic pyramid. President Hoover followed this particular course because of his background and conservative views on how to help suffering Americans.
By looking at the outcomes of the First New Deal and the Great Depression, we can learn a valuable lesson about money and stock management. It takes the consumer to keep the nation in good standing. Without the upkeep of the market, this can hurt many people in the country through loss of work, money, and emotional relief.
With programs challenging economic, social, and political standards, the New Deal imposed both radical and conservative ideals into the American society causing Franklin D. Roosevelt to leave his lasting stamp and legacy on all presidents and generations to come. Because the economy was unstable, Franklin Roosevelt imposed many programs to boost the economy both helping and hindering American citizens through banking and financial reformation with government regulation. After declaring the “bank holiday,” Roosevelt created the Federal Deposit Insurance Corporation (FDIC) in order to put confidence back in the citizens and their ability to trust banks to keep their money. By also separating commercial banks from investment banks, the government was trying to keep the flow of money uniform. This idea is radical in form because of the new government imposed restrictions, and conservatives may argue this movement shows signs of socialism.
After the crisis has settled down and the recession is over is the time to sit down and figure out how the crisis hit and how come it hit so severely. Until this crisis is over Americans are going to keep losing their homes and continue to distrust the government. I am positive congress has come up with many ideas, people who hold Master’s degrees, and hundreds of other people who have more experience and knowledge about this crisis then a sophomore in college, but I firmly believe my idea would be the quick to activate and would have an immediate impact on the lending industry.
American families have been spoiled, and during the spoiling process, pride has consumed our emotional and physical actions. Together, the American people are experiencing the crunch of the economy, and together, we must help one another without the embarrassment of financial hardship and distress. Serving the public and giving back should be shared with positive reinforcements that create a chain reaction that can link us together once again. Watching television news channels and viewing the foreclosed auctions, has been devastating to the American families, and it has caused financial distress to the lenders as well as the taxpaying citizens. Helping the foreclosure crisis in the United States; can be implemented through a financial development plan “observed and based” on televised media and reading material.
This country runs off supply and demand. Employment is something that makes our country tick and without it our economy suffers, we suffer, and our government suffers. “Broadly speaking, the government set out to accomplish two goals: to stabilize the sickly financial system and to mitigate the burgeoning recession, ultimately restarting economic growth” (Zandi, Mark, pg. 2). The government ended up following through on what they were attempting which was to fix the economy and in turn save our country.
Hoover told the nation that they had, “…passed the worst,” and as it was written by Stephen Feinstein, Hoover believed that, “The economy would sort itself out.” He was proved to be very wrong. Once President Hoover realized that the economy would only get worse, he began coming up with ideas to repair the nation. Hoover was afraid that the government would butcher his ideas, therefore, he presented the nation with less helpful solutions. The President’s solutions in... ... middle of paper ... ...eeper hole. The American’s lack of attention during the first crashes of the stock market continuously led to a greater and greater downfall of banks and companies.