Current Recession in the USA - Research Paper Example

The current recession that has hit the world is a creation of the United States of America.

The United States of America is currently the only superpower. It controls the world through many means. What role has she played in the current world recession?

I designed a questionnaire that lead to the answering of this question. I specifically wanted the role played by Wall Street in the current economic downturn. Also in the questionnaire was the role of America’s political class in the economic sector. I designed questions for oral interviews. I also designed how surveys and general observations were to be conducted.

I collected my data in four main ways. I delivered questionnaires to various departments in the US federal government within Florida. I then collected them for analysis. I interviewed some experienced players on Wall Street.

After data collection, I conducted a qualitative analysis of the data. More emphasis was given to data received from experienced and knowledgeable individuals. I gave out 325 questionnaires, out of which 318 were successfully answered. My independent variable was the running of the US economy. The dependent variable was the world’s economy, other than that of the U.S. I used Cuba’s economy as my intervening variable because it is the only communist state. A major bias I experienced was that the majority of the respondents were over-defensive in America. My research hypothesis was, ‘America is responsible for the world's economic instability’. This hypothesis was confirmed by the results I received. It was evident that Wall Street directly affected many economies. Any disruption in Wall Street would be felt in almost all economies in the world, World Bank (2009, p.6). However, Cuba was not affected much by this.

From the research conducted, it was clear that the United States of America controlled the world’s economy. Any slight slump in its economy would have a rippling effect in countries across Europe, Asia, Africa and other continents. The recession that hit many nations can be traced to Wall Street.