Fewer companies are willing to enter the market because of the SOX requirements that make going public too costly. Plus, the maintenance required to stay public is too expensive for smaller companies, forcing companies to look elsewhere to raise capital. Rising costs persuade large numbers of companies to exit the public markets to sidestep SEC regulation, creates two problems. First, the overall economy could suffer because corporations limit investment projects due to the higher-cost sources of capital to fund potentially new operations. Second, financially stressed companies that go dark are the very companies’ shareholders need to monitor usually and where transparency is most important.
The Tariff placed high taxes on imports leading to a decline in international trade. The United States held many loans with European countries that began to default. Reduction in international market spending in the US, coupled with the high tariffs placed on foreign countries led to unemployment abroad and foreign countries were forced to impose their own tariffs on other countries (Kelly, n.d.). The Great Depression was perhaps most devastating to the individual and family. The Depression was recorded to have decreased the marriage rate which helped lead to a decline in the birth rate.
Furthermore, Thatcher’s monetarist policies to tackle inflation faced opposition due to their highly controversial nature. Although these policies were successful in reducing inflation from 19% in 1979 to 5% in 1983, they had detrimental effects on the social sector. Unemployment rose to almost three million, which in turn caused social upheaval and massive unpopularity for Thatcher; leading to riots in Bristol, Liverpool and Manchester. This therefore highlights the reason for opposition in this area of Thatcher’s economic policy, as the controversy of her monetarist policies ultimately lead to implications and increased resistance against her social policies, which is reflected when Thatcher abandoned her monetarist policies in 1985. However, although many aspects of Thatcher’s social and economic policies facing opposition were down to their controversial nature, her attack on the union powers was also an influence to opposition due to its
The first signs of disruption that led to the general strike was the fact that other countries such as Poland were becoming a more predominant exporter of coal, and the only way to stop Britain’s coal industry was to higher the price of coal, extend miners working hours and reduce pay. Obviously not favoured by the miners. Many British mines were old and needed modernisation, mine owners didn’t want to do this and there was a feeling of the miners wanting the mines to be nationalised. To make matters worse, the government decided to put Britain back on the gold standard, the pre-1914 exchange rate. British coal exports were more costly, this again led to mine owners wanting wage cuts and longer working hours, however these were rejected, this lead to multiple threats of a lockout, were the miners wouldn’t get paid al all as the were not allowed to work.
John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
2.2- Different influences that have affected US Airlines, using the STEEP heading of Sociological, Technological, Economic, Environmental and Political factors Sociological factors- One of the main factors for air travellers to change their social attitude towards flying was the September 11th 2001 terrorist attack Technological factors- The global use of the Internet and the ability to compare prices online, has affected US Airlines. As well as low cost airlines offering online, cheaper prices if bought tickets well in advance. Economic factors- The possible increase in oil prices due to a likely prospect of a war with Iraq, would mean that US Airways would not be able to survive with the continuing decrease in passengers and still
American’s can’t “pinpoint any lasting way in which the stunning attacks brought Americans together, strengthened our national character, made us more willing to sacrifice or even changed the daily routine for most citizens of the United States”. The shaky economy is still present today, the United States’ GDP accounted for about 23 present of the world’s outputs. Today that has gone to about 19 present. The nation is in debt, 5.8 billion in 2001 and now over 15 trillion in 2011 which is about 100 present GDP. People wanted a memorial for 9/11 but this will cost the country more money and that fact that it will put them even more under isn’t helping either.
Driving cars, heating buildings, producing electricity, people all need gas. Therefore, gas is directly related to people’s normal life and the global economy. Recently, the Middle East political and economic situation has been deteriorating which has led to the continuous hikes of gas prices. The oil price, the volatile situation in Libya and rumblings in Saudi Arabia are being blamed for spiking gas prices. The political turmoil sweeping across countries like Egypt, Libya, Bahrain, and Tunisia have resulted in rising oil and gasoline prices, increased inflation, devalued currencies, and diminishing stock values.
The wars meant it had expense and disrupt in trade. Example of this was the west coast ports depended on trade from West Indies and American colonies which was disrupted during the war time. This affected France because due to the lack of trade and industries got disrupted and the workers income was affected by this. These problems were multiplied because the end of the war was followed by economic depression. The political impact of France was the main factor that spread ideas.
They believe if they don’t police the world and give aid in certain disasters they will be seen as tyrants and turned against by foreign nations, and it is a well-known fact that the US cannot survive without foreign supplies, especially with its constantly failing economy. One of the main foreign supplies the US depends on is oil. We can relate many of our foreign to our need of oil and right now our foreign oil is below 50 percent and our government is beginning to realize just how deep our foreign dependency is (debate). Foreign oil is the reason we went into the war in Iraq (debate). If we didn’t enter the war in Iraq we would have taken a major dip in foreign oil, and we are already running low (politifact).