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Essay / Research Paper Abstract
This 11 page paper looks at various theories for the recession. There is some focus on consumer confidence and the fact that businesses have been spending less. Global factors are examined as well. Information from the 1990s on is discussed in an effort to determine causation. Bibliography lists 10 sources.
Page Count:
11 pages (~225 words per page)
File: RT13_SA317rec.rtf
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Unformatted sample text from the term paper:
is that the economy was not strong even before terrorists crashed into Americas tallest towers. In fact, one can go back to 1999 and see things beginning to fall apart.
The recession that plagued the world in the early part of the twenty-first century can be blamed on a slew of events, perhaps in part attributable to eight years of
inept leadership, but certainly things would begin to come to a head in 1999. Also, although the U.S. economy faltered most notably in 2001, one cannot ignore the Asian economic
crisis in the 1990s and other global factors that affected the unwanted recession. Of course, the recession is hard to define. Is there still a recession? When did it
occur exactly? Answers are vague. In August of 2001, an article was found that began as follows: "There are more than a few economists these days who claim that if
it walks like a recession, talks like a recession, and looks like a recession, it must be a recession" (Evans, 2001, p.64). Of course, Evans argued that the times were
not recessionary and things would be better within a few months (2001). Earlier, in May of 2001, Mort Zuckerman (2001) claimed that no one knows whether the present economy is
a garden-variety Old Economy inventory cycle, or a more serious New Economy collapse that is caused by overinvestment in plant, equipment, and high tech, with the multiplier effect of declining
capital spending. The latter puts the economy at risk of a longer and much deeper recession (2001). In fact, Zuckermans analysis is on target. Some economists and commentators have seemed
to be in denial by painting a rosy picture in 1999 and 2000. Of course, that was all before 911. While the September 11th attacks did not change everything, it
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