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Category Archives: June 8 assignment
Impeachment of Bill Clinton
http://video.google.com/videoplay?docid=-7721501368569649933#
On December 19, 1998, President Bill Clinton was impeached by the house of Representative. I think it is important because he was only the second impeachment of a President in American history, following the impeachment of Andrew Johnson in 1868. I think being a president, one should watch out himself’s behavior all the time as being an example of all the Americans.
1993 World Trade Center bombing
1993 World Trade Center bombing
This shows the significance of the 1993 plot by terrorists to destroy the World Trade Center. In 1993, the terrorists’ plot was unsuccessful; however, in 2001 they did succeed. I feel that after 1993, the US government should have been aware global terrorists were plotting to destroy the World Trade Center, and should have taken preventive measures. Thus, the 9/11 attacks could have definately been prevented had the US government acted following the 1993 attacks.
Posted in June 8 assignment
4 Comments
2008 Economic breakdown
Recent crisis begun in the USA early fall of 2008, but the first warning we got when Lehman Brothers declared bankruptcy. In the fall of 2008 most of big financial institution experienced huge financial problems. Many small banks bankrupted, but large institutions like Bank of America, or City Bank needed help in from of bailouts. All these problems were caused by too loose credit policy. Banks were giving credits very easily to people who weren’t able to pay them of.
I’m attaching a link to a website with several articles about crisis where you can also find a short movie which in a interesting way illustrates the reasons of crisis.
http://www.globalissues.org/article/768/global-financial-crisis
Although it’s gotten a little better we still see people struggling with the consequences of the whole economic situation. I hope people take this lesson and we will never have to experience anything like this again.
Posted in 2001-present, Economic History, June 7 assignment, June 8 assignment
Tagged crisis, Wall Street
2 Comments