10 Jun 2022

70

How the Crash Will Reshape America

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Academic level: College

Paper type: Essay (Any Type)

Words: 351

Pages: 1

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The article “How the crash will reshape America” predicted the effect of the great recession on the economic landscape of the United States. The crash affected mega-regions both in America and around the globe. Importantly, population growth in mega regions is the reason for the high economic output. Before the crisis, Florida says that a large population lived in the countryside. In as much as industrialization had changed population geography in some regions in the country, the transformation was not as intense as one experienced after the 2008 crisis. Florida predicted that as cities like New York, Charlotte, Detroit, Las Vegas recover from economic crisis, their population will be affected differently depending on their economic abilities. 

Diverse industries will attract skills and talents from different regions across tea country. With high population, there are high chances of innovations that in turn improve living standards. An improved standard of living, in turn, contributes to population growth. The concentrated geography will facilitate free interaction and thus increase diversity. 

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From an article “The Impact of the Great Recession on Metropolitan Immigration Trends” the great recession ad a great impact on immigration settlement. Importantly, the immigration is uneven as some regions wit and increase immigrants such as Dallas while others like Phoenix and reduced immigrants. The rise in immigrants into cities was contributed by an economic row of the regions. Cities that struggled with social services, unemployment, and budget shortfalls experienced low immigration. 

Further, the recovery plans that were placed to create opportunities for populations to improve their lives required investment in human capital. Also, the individuals have included in cultural and political life that in turn encourages immigration and population increase. 

According to Juday, New York experiences high domestic migration where a movement to other states constantly increases. However, New York is economically endowed and thus attracts international migrants (Juday, 2016). Las Vegas was affected negatively by the 2008 crash. The economic shock caused the region's industries to falter. The population increase in the region results naturally and migration plays less role (Brean, 2017). Thus, Florida’s provision shows that population change was contributed majorly by the financial crisis. Regions like Las Vegas do not experience much immigration; therefore, the population is not diverse. 

References  

Brean, H. (2017). Clark County 3 rd in nation for population ain. Review journal. 

Juday, L. (2016). How is New York City growing if it’s constantly losing people? Statchat. 

Florida, R. (2009). How the Crash Will Reshape America. The Atlantic. 

Singer, A. (2010). The Impact of the Great Recession on Metropolitan Immigration Trends. Brookings. 

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StudyBounty. (2023, September 15). How the Crash Will Reshape America.
https://studybounty.com/how-the-crash-will-reshape-america-essay

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