Death of an Era; Europe's Failing Economy
The market crash of 2008 was the worst possible event to occur for economic hit men around the world. Money was running tight; therefore countries put their own interests in front of others. This progressed to a point in which countries were more focused on the security of their own economic situation, pushing away from the model that increased their economic empire.
The power of the United States’ economy became clear, the world was so closely tied to them, that their market crash affected everyone. The work of the EHM years prior to the crash guaranteed the world would feel the full extent of an economic crash in the United States. The USA’s economy did not just crash; it imploded, pulling everyone done with them. No country was safe from the crisis; the bonds to the United States economy were too great to overcome.
These bonds are most prevalent in Europe, as the region’s currency was soaring during the prosperous economic times, but when the tide turned, the Euro started its fall. The Marshal Plan (to give Europe money after World War II in order to help rebuild their economy and to help stop an economic downturn after the war) is a prime example of how Europe tied itself to the USA. Now with the currency failing, desperate measures are being put in place. Europe is deeply concerned because if one economy fails in the region, then the whole region fails. They are trying to appeal to the only developing economies in this era, India and China, for bailout money. This money is essential to the success / stability of the region.
