Financial Crisis the Current Financial

What one can determine from the current literature, however, was that todays recession was fueled, at least in part, by the misuse and misdistribution of credit. For this reason, the current culture shift is most likely a solution to the problem it itself. Responding to the recession, the American people have changed their attitude toward politics, spending, and the importance of finances in their daily lives. By spending less, relying on credit less, and saving more, the American people are bound to aid in ending the current financial crisis. Government, on the other hand, must step in to regulate what the people cannot in their own personal finances. By encouraging the Democratic plans of tax cuts and job creation, the American people can continue to advocate for the solution of the problem. Thus, finance and the economy are large contributors to a groups culture. The current recession is no exception, but the culture change initiated by the recession may actually help heal that recession in the end.

References

Barbaro, Micahel and Uchitelle, Louis.

(2008, January 14). Americans Cut Back Sharply

On Spending. The New York Times. Retrieved from, http://www.nytimes.com/2008/01/14/business/14spend.html

Banking Crisis Timeline. (2008, October 30). The Guardian. Retrieved November 17, 2008 at http://www.guardian.co.uk/business/2008/oct/08/creditcrunch.marketturmoil

BBC. (2008, September 26). Q&a: Financial crisis and you. Retrieved November 17, 2008 at http://news.bbc.co.uk/2/hi/business/7625419.stm

Its an Ill Wind. (2008, October 9). The Economist. Retrieved November 17, 2008, at http://www.economist.com/world/unitedstates/displayStory.cfm?story_id=12380943

Leigh, Andrew. (2008, November 3). Credit Card Issuers Struggling. Retrieved November 17, 2008, at http://www.inc.com/news/articles/2008/11/credit-cards.html

London, Kathleen. (2008). The History of Birth Control. Retrieved November 17, 2008, at http://www.yale.edu/ynhti/curriculum/units/1982/6/82.06.03.x.html

The Financial Crisis Explained — How Did We Get Here? (2008, September 25).

Retrieved November 17, 2008, at http://www.kypost.com/mostpopular/story.aspx?content_id=fbb5ac95-bcd1-4493-bab6-b3cf58a19377.

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