What Caused the Recession That Began in 2008? How Did

question 10

Essay

What caused the recession that began in 2008? How did the Federal Reserve, the president, and Congress attempt to deal with the most serious economic downturn since the Great Depression? How successful were these attempts? What changes were made to prevent a similar recession in the future?

Recognize the effects of globalization on cultural, economic, and social aspects.

Understand the concept of McDonaldization and its global implications.

Explore strategies that can be employed to combat global poverty.

Explain the structure and significance of global commodity chains.

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Definitions:

New Learning

A process of acquiring knowledge or skills in new areas, often leading to personal or professional development.

Job Enrichment

A management concept focused on redesigning jobs in a way that increases the responsibilities, and opportunities for personal growth and recognition, thereby making them more fulfilling.

Adds Variety

Introduces diversity and difference, making situations, tasks, or environments more interesting and less monotonous.

Prosocial Motivation

The desire to benefit others or contribute to the greater good through one’s actions and behaviors.