The Big Short By Michael Lewis - 1495 Words

The When you think of societal importance, we tend to think of how something will affect the social order of society. After reading all three of the books, it was challenging to choose just one of them to write about. Each one played its own part of significance from women rights, economics tragedy, and exploring the universe. Considering all three of these books were well crafted, THE BIG SHORT by Michael Lewis reflects a template of our community. By showing what can happen if we continue to let the financial system run wild, then showing how it will impact us as an economy like it did in 2008. Two main factors that can be taken away from the book are: Economy and the way of living. The overall resources that contribute to our successful†¦show more content†¦In our society taking hard impacts like these have big influences in our GDP. When a country is in a recession there is limited money to be distributed causing panic to business owners. Leaving them frantically trying to improve on their business and cut workers to save money. Well families suffer from the lack of monetary value and sending our unemployment rate through the roof. Tragic events like this can have an effect on a country for years to come after it takes place. Most students today have no knowledge of the positive and negative change that is accompanied with the chosen reading. Its social importance is to initiate students to have some knowledge of the financial system. Most already are apart of our labor work force; well others have yet to begun their journey in the force. For these students they are tomorrow geniuses, doctors, lawyers, etc. if there is no economy to head into due to a recession then these job specialties will be useless. Making sure students understand how the economy works and what the positive benefits are for it. Such as being becoming and entrepreneur and attempting to earn a profit on goods and services additionally creating jobs for the community. Small steps like this are beneficial to our students, as well as educating them on what exactly happens to our money when they invest it. For example, we all know attending school is beneficial yet expensive. Most students don’t have the