Globalization And Debt

955 words - 4 pages

The institution of nations trading worldwide and interacting through the development of technology and business was greatly affected by the terrorist attacks that occurred in 2001 and still continue to reside throughout the world today in 2017. Not only do threatening attacks impact our economic development and progression, but looking at this subject from a sociological view, we can see individuals are affected as well. The United States went through a recession, and people were frightened to go outside, even in their own communities where they had lived their whole lives. The phenomenon of globalization didn't just affect individuals and our country; in fact, there were tremendous downturn effects on the nations we associate with.

From a sociological perspective, the conditions affecting the individuals of the United States are viewed at the micro-sociology level. After the terrorist attacks on September 11, 2011, people were scared to leave their own homes. Not only were the residents of New York City, Arlington County, and Stonycreek Township directly traumatized, but people watching the attacks on T. V. and family members of the victims did not feel safe. So many people lost jobs, family members, and friends. The country was shocked, and for some families and individuals, their entire world came to a pause. Laws began to change and new regulations were put into place, such as The Patriot Act. This affected anyone and everyone's privacy by allowing random searches at airports, the ability of government officials to see any emails, and also gave authorization for people to search telephone and financial records ("The USA PATRIOT Act: Preserving Life and Liberty").

Using the macro sociology approach, we can look at the downturn effects our own country had on nations abroad. With an increase in globalization through the progression of technology and new businesses, terrorist attacks had a dramatic negative effect. While people usually think of losing their jobs as an individual problem, maybe because they don't have the skills or education, the country as a whole and the economy also factor into unemployment. "In the fourth quarter of 2001 alone, 1. 2 million people lost their jobs. For a while; corporate America closed down" (Doward). The recession that our country was soon to face after 9/11 became a macro-level situation. With losing jobs and the unemployment rate steadily decreasing along came the devastation of the stock market deterioration. As we all know, the stock market connects the United States with many foreign countries, and the downfall of our market didn't only lose money for our citizens but also for the other countries invested. Middle Eastern countries, as well as our own, increased oil prices, and our country, along with all of the others we traded with, were in an economic crisis.
C. Wright Mills described that all great sociologists viewed societal issues from a sociological imagination. This means they took i...

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