Enron Ethics Analysis

People lost faith in government: After the market crash people didn’t trust the government. Many protest and strikes were carried out against the government. 4. Increase in crime rate: Due to high level of unemployment, the rate of crime increased. The people had to do something for survival and only option left to them was to indulge themselves in criminal activities.

Banks shut down, people became bankrupt and the number of unemployed reached one-quarter of the workforce. Farmers needed to produce more goods for the same amount of money; which led to a huge seven-year drought. ‘The dirty thirties.’ When thousands of workers migrated to California with a hope of achieving ‘The American Dream.’ Steinbeck was interested in those who strived for a better life and those who had hopes and dreams. George and Lennie have these dreams, the dream to “get a little stake” and to “live off the fatta the lan’”

In view of the potential harm of whistleblowing, there was also an option to not do anything (Bok, 1980). Woodford could choose to be silent about the irregularities in the financial activities of the company and retain the benefits that come with working as a high-profile executive in Olympus. The problem is that, doing nothing was tantamount to allowing Kikukawa and the board continue stealing money from the company while making the public believe that Olympus was going well. His effort paid off. His exposure of the scandal became the talk of the press, and the executives of Olympus were left with no other choice but to come clean (Greenfeld, 2013).

This tragic event sent Wall Street into a complete frenzy and took out millions of investors. Over the next few years, consumer investment and spending decreased. This caused sharp declines in manufacturing production and rising levels of unemployment. By 1933, 13 plus million Americans were unemployed and nearly half of the country’s banks failed (Coker, 2005). Thanks to the reform and relief measures placed by President Franklin D. Roosevelt helped diminish the most horrible effects of the Great Depression.

As a result of the stock market crash, many families suddenly went into severe debt and lost everything they had. It was October 29, 1929 when this day in the United States got the name of Black Tuesday because of the darkness that had set into their lives. The Great Depression took place until 1939, and it was during those ten years millions of Americans lost their jobs and the rate of unemployment hit the highest it has ever been. Families were compelled to sell their homes, belongings and did not make enough money to afford enough food. The movie Cinderella Man (2005) by Ron Howard, is based on the true story of James J. Braddock, famous boxer, who had it all before the Great Depression.

The Great Depression The United States fell into a growing hole of financial problems, called The Great Depression. As a country, we became poor because of the stock market crashing. Millions of Americans were losing jobs, and the leader of our country was facing more problems by the second. “By the 1930’s over 13 million Americans lost their jobs. The United States lost so much money that incomes were reduced by 40%,” (Degrace).

This caused them to lose many lives due to this. Natural disasters like an earthquake and flood killed many and them, then plague wiped out thousands of people. This caused Rome to become weak because many people in the army died and many people that helped run Rome died. But then because of the floods and earthquake it killed many people and destroyed many things which really put Rome in a tight spot. “The second year of the reign of Valens (366 CE)...

Many people slumped into poverty and became homeless and unemployed citizens. This immense downturn was due to overproduction, the Wall Street crash, and the weak banking system, the European recession, the Gold Standard and the policies implemented by the Hoover administration. The depression lasted for over a decade before an economic upturn began to take hold. This marked the end of the Great Depression in the 1930’s. The end of the depression was due to World War II, the New Deal and new monetary policies implemented by the Federal Reserve Bank.

It caused the American manufacturers a great deal of troubles as domestic products have gradually lost their competitiveness with each passing year. On the other hand, due to the wide disparity of labor costs between the US and Mexico, large numbers of US manufacturing facilities relocated to Mexico in the hope of saving costs. Hence, in 1997 three years after the enactment of NAFTA, the US has lost more than 400,000 jobs which was described as a “trade debacle” . Also last year, according to the American largest labor union, the AFL-CIO, the NAFTA deal led to “an exodus of at least 700,000 jobs” , which almost doubled the record from 17 years ago.

The Great Depression was the worst economic downturn in the history, which lasted from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Spending began to drop, and it caused declines in employment and some companies began to lay off workers. By 1933, the Great Depression reached its lowest point and millions of Americans were unemployed. The 1920s consisted of dramatic social and political change.

These actions led to people being fired, wages fell. The Great Depression that hit the United States was the first successful attempt. The Great Depression had an effect on many families financially. The government decided to step in and that’s when welfare really started, the social security act in 1935 which was amended in 1938. The United States attempted to implement social welfare many times, but was successful starting in 1938.

The panic also spread to Wall Street, where the prices of stocks fell rapidly. Investments were declined, and all consumer purchases, wages, and prices fell. The Panic of 1893 deepened into depression (P. 468). The depression led people to reconsider the roles of the government, the economy, and as well with society. People were thinking that the reason why they lost their job was because of their own failings but eventually understood that the crash was from the economic forces, the fault was

August 29th, 2005, a category 5 hurricane made land fall along the United States Gulf Coast. Hurricane Katrina is considered to be one of the most destructive hurricanes the U.S. has ever incurred; displacing hundreds of thousands from their homes throughout Louisiana, Mississippi, and Alabama. Consequently the U.S. economy was greatly impacted from the desolation that Hurricane Katrina inflicted. Katrina stretched over 400 miles across with wind speeds up to 100-140 mph; more than 2,000 lives were lost and over 90,000 square miles of the U.S. were affected.

What’s horrifying for a businessman is to see the stock market crash. On Tuesday, October 29, 1929, the United States stock market suddenly and completely collapsed. A renowned historical disaster, Black Tuesday, is attributed by many historians to be the start of the worst financial crisis in U.S. history, The Great Depression. The Great Crash itself had a devastating impact. Hundreds of banks failed, and because bank deposits were uninsured, their depositors lost some or all of their money.

They lost billions of dollars not only in firefighters but in apparatus and equipment too. With all the deaths added they lost thousands of hours of training, whose deaths represented 4,400 years of cumulative training, nerve and wisdom,” (Frazier, 1). All of the training they lost from deaths, they had to make it up in new firefighters. This hurt many fire departments