Essay - Financial Crisis the Current Financial Crisis: Impetus of Culture Change...

Financial Crisis

The Current Financial *****: Impetus Of Culture Change

Whether you're an anthropologist or a dramatist, the word culture brings to mind various aspects of people groups. What kind ***** music a group enjoys, the type of food a group e*****ts, what is considered a family, what clo*****s a person we*****rs, gender roles, stereotypes, values, and interests are all a part ***** *****. But what character*****tic can influence these aspects of culture more than the economy? One may answer that religion, personal beliefs, needs, or other variables certainly impact the cultural choices that a people group makes m*****e than the economy, but a careful examination ***** the issue may reveal ***** this is not necessarily ***** case. Instead, personal, group, and global finances have a dr*****stic ***** on individuals, families, ***** therefore, culture. Cultures with more financial freedom ***** spend more time devoted ***** luxuries, where *****s without finances must spend much of their time working. Family ***** change with different economic tides, as do sexual and reproductive attitudes. An example from h*****tory can prove this point. In 1905, President Theo*****re Roosevelt attacked birth control methods based on the fact that large families were now desired for economic reasons (London 2008). Thus, the state ***** the ***** has a dr*****stic impact on ***** *****mation and cultural change. Today's economy is no *****. In fact, the recent eco*****mic recession has drastic*****y impacted the behavior of many families, leading to a cultur*****l *****. By providing a brief history on the issue and discussing the cultural change, ********** can begin to look at the solutions from a cultural standpoint.

Brief History of the Issue and Potential Causes

***** to contribute to their retirement funds, invest in stocks and bonds, and diversify their portfolios, ***** Americans were astounded and wrought with despair when the economy began to show signs of struggling during mid-September. Although concern over the U.S. economy began as early ***** 2007, according to some, ***** London Guardian cited September 12 as the *****ning of the financial crises. On this day, a buyer was sought for the ***** Lehman Brothers, but just three *****s later, the investment bank would file for bankruptcy, and the Dow Jones ***** fall by 504 points. Now, in ***** some call the worst economic situation s*****ce the Great Depression, the mark***** are struggling fueled by low rates of investment and corporate collapses. Most agree that the current ***** situation is h*****toric in its enormity ***** destruction. Accord*****g to the BBC, Washington Mutual's September bankruptcy was "the largest bank failure yet in the United States." But the devastation doesn't end **********. While Washington Mutual's failure would have been historic in itself, the BBC described the late summer and early fall's economic maladies as a tumult ***** problems. "Each day," says ***** *****, "***** brought an extraordinary development that would have seemed *****tonishing just the ***** before" (BBC *****).

But what exactly caused the present economic crisis? The ***** to this question cannot easily be answered. In fact,