Briefly Explain the Series of Financial Problems That Beset the U.S.beginning

question 78

Essay

Briefly explain the series of financial problems that beset the U.S.beginning in mid-2007.What triggered the problems and what has been the outcome?

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Definitions:

Maslow's Hierarchy

Maslow's hierarchy of needs theory in psychology posits that human motivation is driven by a sequence of five fundamental needs: physiological, safety, love and belonging, esteem, and self-actualization.

Esteem Needs

Psychological needs in Maslow's hierarchy that include self-esteem, respect from others, and status, contributing to feelings of self-worth and accomplishment.

Need Motivation Theories

Psychological theories that propose people are motivated by the desire to fulfill basic needs such as safety, belonging, and self-esteem.

Content Theories

Theories that explain why people have different needs at different times and how these needs motivate behavior, such as Maslow’s hierarchy of needs, Alderfer’s ERG theory, McClelland’s need theory, and Herzberg’s two-factor theory.