ASSIGN.+-1

 The economy and the world recession is something that is happening in the world today. It has an effect on everybody in the world because the whole world deals with money, businesses and other economic factors. The world basically revolves around the economy. For example, if the economy is bad, people aren’t going to go to the movies as often as usual and if the economy is good, people can catch a movie and maybe even go out to grab a bite to eat. Right now we’re going through an economic crisis and are in a recession. In a lot of families, people are on a budget and aren’t spending as much money as they usually would if the economy wasn’t so bad. In the past, there have been economic crisis that we have survived somehow. The United States went through a depression after WWI when the stock market crashed and everything went down the drain. After the depression hit everyone really hard, President Franklin D. Roosevelt came out with a bunch of laws that if we were to get hit the downfall of the economy again, we would still be safe economically, such as Medicaid and Medicare. The depression of the 1930’s was the worst that the United States had survived through, which shows that the United States has the strength to move forward somehow.  Because of war, the United States is in debt. Not only is our country in debt but the people with a bunch of credit cards are in debt as well. The United States is in trillions of dollars in credit card debt. The U.S. spends a lot of money making weapons and using the taxes that come out of our pockets to pay for the meaningless war that we are in. because of that, we are in so much debt. We are so badly in debt that the government is trying to find ways to get more taxes from us and the prices for everything is going up.  Because of the economy, people are losing their jobs. There has been a huge increase in unemployment rates, which is a great problem for the economy. Since some of the people that are losing their jobs are adults who have families and need to support their families, they look for any job they can get at this point. Some say that adults are taking the jobs left that were available for teenagers or young adults, making it harder for teenagers to find jobs as well.
 * Why I chose This Topic**