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The Effects of a Slumping Economy

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The Effects of a Slumping Economy
The Effects of a Slumping Economy
Jennifer Crawford
MGT 435
April 6th, 2009

The Effects of a Slumping Economy

The Non-Effectiveness of some corporate decisions may have led us into this financial decline that we are seeing today. Not all decisions that are made in the business field are good ones. Some of those decisions can put the financial standing of a company in jeopardy or even push it right down the tubes. The economic struggle that our country is experiencing is not something that just happened overnight. It takes some time for problems to escalate to a level that has now been reached. We have not seen times this bad since the great depression of the 1920s. Another historic time of depression is well underway. We are now seeing businesses close their doors, windows being boarded up, for sale or for lease signs in many shopping centers, and final close-out signs on every corner, so it seems. Businesses are going under due to such a decline in sales. With major businesses closing, that means loss of jobs and loss of income for individuals and families. And due to all of these circumstances, people can not afford to shop. They just can’t afford to buy anything extra. Allot of these people are struggling day to day, just to make ends meet in order to keep a roof over their heads and their families fed. And speaking of such, even the grocery industry has seen significant decline in sales. Some people can’t even afford to buy groceries. And when people are hungry and don’t have the means to support themselves anymore, they sometimes turn to criminal activities, so our crime rate is also on the rise. These current events are not only affecting our United States of America, it has an effect worldwide. It affects the entire financial market and market place. Countries such as China and Japan are also experiencing decreased sales and loss of jobs as well. How can this down spiraling sequence


References: 1. http://www.rgemonitor.com/roubini-monitor/252996/bloomberg_tv_interview_worst_financial_crisis_since_the_great_depression_and_worst_us_recession_in_decades 2. Organizational Change, (Ashford University Edition). (2007). Boston, MA: The McGraw-Hill Companies, Inc. 3. http://www.businesspundit.com/10-countries-least-affected-by-the-us-financial-crisis/ 4. http://en.wikipedia.org/wiki/List_of_bank_mergers_in_United_States 5. http://www.cnbc.com/id/22607417 6. https://www.wamu.com/personal/default.asp
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