The US Financial Crisis A personal Revelation Free Essays

After the Second World War, no one ever though that the father of democracy and the most developed nation in the world would ever be affected by a crisis arising from financial issues.   The growth of US and its position as a world power was due to the central role it played in the world war and the developments it made thereafter. Feared by its enemies and respected by its allies, the US was and still is the envy of all nations. We will write a custom essay sample on The US Financial Crisis: A personal Revelation or any similar topic only for you Order Now    Though still the most developed nation and a financial power, the 2008 crisis which was a result of a combination of factors including a fall of sub prime, failure of financial establishments, high oil prices, unbearable rates of inflation and the failure of major industries. The order presented is quite similar to the actual events though there were considerable overlaps.   The US economy is badly affected, many jobs have been lost and to deal with the effects o the crisis the US will need to develop robust economic strategies. Any normal society can be divided into two major categories: the poor and the rich.   This is a categorisation whose basis is resource ability and influence is a true depiction of the reality on the ground.   Happiness is assumed to be directly related to financial ability and all that most people seek in their lives is resource empowerment.    A look at the US shows that the cause of failure of its system arose from a single cause which multiplied.   If one should fall into the temptation that the route to happiness is amassing wealth at all cost, then they are just as gullible to failure for such an approach was the reason behind failure of sub prime mortgages. Even the rich in the society have their own problem which may even be greater than those of the poor; a third world nation is less likely to be faced by a crisis of such magnitude. When one is developing his riches, he should ensure that he develops other support systems for in reality the quest for money has no clear correlation to happiness.   Happiness is a state of mind and one cannot justify that by being rich he will live his life a happy person for as at now both Americans and Iraqis are suffering. The US case has been a personal revelation on the nature of life and what does entail.   Life is complex and success does not guarantee one will live a trouble free life.   The resilience that the Americans have shown in the face of adversity should be adopted by all people journeying through life.   The knowledge that all are susceptible to challenges is important in generating hope which is central in to the entire recovery process. The US approach to the crisis is a jewel to behold.   The US acknowledged it had a crisis and took relevant measures that did not necessarily involve the help of other nation rather the mechanisms implemented internally developed systems to deal with the crisis. Call it the personal will to deal with a problem or having the ability to; either one should never ignore their problems but should acknowledge that a problem exist and take relevant measure to deal with the problem. Screaming for help is not always the best approach to dealing with personal problems for we all have infinite personal ability that we must develop in times of plenty and emplo How to cite The US Financial Crisis: A personal Revelation, Papers