Global Social Issues and Change
Can anyone remember where they were at on September 11, 2001 when America was attacked? On Tuesday at 8:45 a.m., as American Airlines Flight 11 crashed into the World Trade Center, the building shook, and the world came crashing to a halt. The stock market ceased, the airplanes stopped flying, the trains stopped moving, and people stopped working, the world was silent as all eyes were on America. This caused the horrible act of war to begin, which in return began the downfall of the economy After the United States was attacked by al-Qaida, people were hopelessly obscured, thousands of jobs were taken away from innocent civilians, and hundreds of businesses were misplaced in the aftermath. No one imagined how much of an impact these attacks would have on the global economy. People from around the world stopped traveling, which in turn has affected the travel and tourism industry in the United States. Restaurants are affected due to unemployment rates rising. Gas prices are increasing around the country, which prevents people from traveling to different states where they would otherwise have gone and spent their money. This war has been nothing but bad for the economy both domestically and globally, and there is no positive end in sight. People are angry, and they both want and need to see change. The United States government needs to maintain control of the spending before the deficit reaches its all-time high. The high cost of the war in Iraq has led to hard economic times across the world. The recession has affected so many people from all lifestyles and all different class levels. Many variables of life have changed since the Iraq war began and seems that life, as many have known will never be the same again. With the debt crisis at the forefront of the news, the economy does not seem to be improving in the near future. In this paper, it will be explored how the war has affected the global socialization of the economy in the United States and the rest of the world. It has been more than 10 years and the economic impact of this war has been more than anybody imagined. As we watch the news and read the newspapers, we learn that the United States is heading into its second recession. Our nation is suffering immensely due to the economic deficit, which has outraged taxpayers who have to feel the burden at the government’s expense. Due to the governments overspending on the war there is not sufficient funds to get our nation out of this tremendous debt. The United States has repeatedly borrowed money from other countries, which has just put the country into a deeper debt situation and makes it difficult for America to control its financial obligations. In 2012, the United States Federal Reserve is planning to buy nearly $600 billion dollars worth of debt to go towards paying our national deficit (Penner, 2011). With a dysfunctional Congress and indecisive president, the country will never be able to get our spending under control. This national issue has changed the way global society lives. With the unemployment rate at an all-time high, it is extremely hard to keep a steady income in households across the country, thus adding more problems to the equation. Families without income will need assistance from the government to maintain their quality of life, which just contributes more to the country’s debt. Businesses are also another aspect to the social change. Businesses in America are outsourcing to other countries to keep from filing bankruptcy. The rate at which businesses are closing is putting further strain on the United States government and is causing the debt to increase. There have been many luxuries affected by the war and the economy since global tourism is the lowest it has ever been. With the heightened security and astronomical ticket prices, traveling has become more difficult. After the 9/11 attacks the fear of retaliation is on the minds of many, which hinders...
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