How did the technology of the Great Recession change in 2007-08?  

 I think the Great Recession of 2007-08 shook many of the central tenants of the conservative consensus =-namely, a faith in markets as the most fair allocator or resources and pursuing deregulation to achieves economic growth nin way that we believe what wwas best for that time and how we can use for the greater good of the country. It also impacted what we called the Gilded Age, and when it started back then, when we created factories to make products, to ensure that our economic growth was growing. There is a quote that I believe sums up the 200s era known for the technology and how it has improved since the `1990s. I quote “ in 200 the credit cycle nonetheless reveres. Investors posed unanswered questions about the ultimate values of technology stocks.” ( pg. 7-39) I like this quote because it gives you an understanding of how technology has changed, and the stock market of technology has changed as well throughout the years that we were introduced to it in the first places.  The 2007 era had changed the way we view phones, and it was the year that the Apple iPhone was created adn how people would now use different versions of iPhones or Samsung phones to talk to people or post content to Facebook or Instagram. Another quote that I find interesting for this topic. I quote “ In 2003, President George W. Bush advocated a new ownership society.” Arguably, not since Jefferson’s empire of Liberty had there been a vigorous policy of property ownership in the United States. Ever since the nineteenth-century industrialization, income politics and largely ruled in the Age of Chaos.” ( pg.7-39) This also had an interest in ways that we view the period of industrialization and how it contributes to the way we view things with technology. This quote that I found talks about the family values and how the technology rates in the 2003 era were different. I quote “ It was the economic apogee of ‘family values’ aided by the low global interest rates of 2003 and favorable government policies encouraging home ownership, residential real estate prices began to soar nationwide, although, as in Jefferson’s time, white house household disproportionately benefited from the surge of wealth.”(pg.8-39)  This quote make me understand hwo family values has changed over time and how the [rices of the homeownership or residential real estates had change as well with the interest rate of the technology include in the homes that family would live in. so I believe that this article was good article to finish off with this semster coming to end and known how the technology has change so much and how it effect the way we live and how we use in our lives and college experiences. It also gave me something to think about adn understand how it has been involved in our lives, and it’s a way that it affects history and how we view things nowadays. 

One thought on “How did the technology of the Great Recession change in 2007-08?  

  1. I find the continued influence of family values into economic and political discussions to be fascinating. When you quoted, “It was the economic apogee of ‘family values’ aided by the low global interest rates of 2003 and favorable government policies encouraging home ownership, residential real estate prices began to soar nationwide, although, as in Jefferson’s time, white house household disproportionately benefited from the surge of wealth.” I think that it is important to pay attention to the family values that is behind home ownership and the wealth associated with that. I think it is fascinating how we can saw this trend from the ending of the Cold War as the ending of WWII and family centered ideals allowed for greater attention to home-ownership.

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