Essay On The Economy In The 1980s

This film exploited the impact on privatized banks, its impact on the economy, and its deals with the government. Much of the money is being spent on greedy leadership while the rest suffer. It discusses the collapse of the stock market, which created a global recession and doubles the national debt of the united states. It highered the poverty rate and caused many people to go bankrupt; leading to suicide. This disaster was not a mistake; it was caused by an out of control industry. Since 1980s, the rise of the U.S. financial sector has lead to a series of consequences. These consequences and the aftermath of the decisions made by these industries seem to only affect the lower ranking, middle class, and low class. While the rich seem to

This was due to the investment banks going public, giving these banks huge amounts of stockholder money. Many employees on Wall Street began to make a fortune. In support, the Ronald Reagan administration began a 30 year financial deregulation, and in 1982 they deregulated savings and loan companies, allowing them to make risky investments with depositors money, many investments failed costing taxpayers $124,000,000,000, and cost many people their life savings. This taste of wealth caused many CEOs and people with power to go corrupt, due to their greed, they found ways to make as much money as possible. For example, Charles Keating, gambled many investors money and tried to cover it up, paying people off and finding ways to make himself seem not guilty. These types of cases happen over and over, but it seems that those with the most money have the most power, and the cycle continues. Years and years on deregulation causes a huge affect on the economy. Helping many banks grow in power, as well in capital. Creating a lopsided economy, due to financial sectors being made up of a small number of gigantic firms, and an economy which now depends on such firms, which creates nothing but an accident waiting to happen if one firm