Task 4: Write a Newspaper Article
April 22, 2010
TILTON, NH, Student KangNi Zhang recently initiated a survey on the U.S financial crisis.
Students and faculty were asked questions on the internet in three categories: spending, saving and employment.
Fifty-one students participated in this survey and they were asked 10 different questions.
68 percents of the students and faculty members who did this survey are from the U.S. Their answers show recession in the recent years’ U.S economy. The other 32 percent of the students are from China, Korea, Canada and Slovakia.
From the question, ” Do you (your parents/ friends) possess less American dollars in recent years? ” 64.7 percents of the respondents said yes.
The respondents were asked whether they had seen an obvious and rapid rise in spending costs in recent years as well. They were asked to choose what prices they had seen rise in recent years.
Only 5.9 percents of the respondents denied they had seen price rise. Within the remaining 94.1 percents respondents, 96.1 percents of them said they had seen an rapid rise in oil prices, real-estate prices and food prices.
This means the U.S dollar is gradually collapsing in value as a result of government printing more money . People had to use more money to buy the same goods they bought before. Besides, they possess less U.S dollars as a kind of investment.
Another connection involved spending and the U.S financial crisis. 64.7 percents of the respondents changed their consumption habits in recent years. They save money instead of doing a lot of shopping.
This survey shows that the U.S financial crisis did not merely happened at Wall Street but was actually a wide-spread-suffering to all the people around the world.
I learn from this survey that U.S financial crisis created bad influences in many respects. Inflation occurred and U.S dollar collapsed in value. However, my discovery didn’t support my thesis that U.S economy got better from 2008 Financial Crisis. Besides, in my survey, I didn’t find anything to prove U.S economy has get better from the 2008 financial crisis and people still worry about the recent economy. Therefore, my idea about my topic have changed. The U.S 2008 financial crisis has not ended and the U.S economy is still in crisis and had a long march to pass through. If I’m going to do this survey again, I would ask the respondents to compare their life in 2008 and now to find out if the U.S economy get much better.
