picture courtesy of
This cartoons is actually mocking the importance of the United States of America on the world market and that something simple as the wife of the U.S federal reserve chairman burning toast could cause worldwide troubles such as economical crisis such as panic selling and people hoarding on to food stocks all because the toast was burnt and people were afraid that there would be a shortage of food. This cartoon shows that economic globilization, as something happening in America's economy could affect another country's economy.
The person mention in the cartoon Alan Greenspan is the chairman of the United States federal reserve board which is in charge of the Federal Reserve Bank from 1987-2006.
Under the Federal Reserve Act of 1913 the Federal Reserve System:
-Conducts America’s monetary policy.
-Supervises and regulates banks and protects consumers’ credit rights.
-Maintains the stability of America’s financial system
-Provides financial services to the U.S. Government, the public, financial institutions, and foreign financial institutions.
Therefore if the Federal Reserve of the United States government in is crisis, there would also be a high chance that the Americal fiancial system would be in chaos, thus affecting the economy of other countries as many countries are dependant on the United States for trade
Here is another cartoon I have drawn with the same concept hope you like it :)
e-globalised-4 blogged at 9:01 AM
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picture courtesy of
This cartoons is actually mocking the importance of the United States of America on the world market and that something simple as the wife of the U.S federal reserve chairman burning toast could cause worldwide troubles such as economical crisis such as panic selling and people hoarding on to food stocks all because the toast was burnt and people were afraid that there would be a shortage of food. This cartoon shows that economic globilization, as something happening in America's economy could affect another country's economy.
The person mention in the cartoon Alan Greenspan is the chairman of the United States federal reserve board which is in charge of the Federal Reserve Bank from 1987-2006.
Under the Federal Reserve Act of 1913 the Federal Reserve System:
-Conducts America’s monetary policy.
-Supervises and regulates banks and protects consumers’ credit rights.
-Maintains the stability of America’s financial system
-Provides financial services to the U.S. Government, the public, financial institutions, and foreign financial institutions.
Therefore if the Federal Reserve of the United States government in is crisis, there would also be a high chance that the Americal fiancial system would be in chaos, thus affecting the economy of other countries as many countries are dependant on the United States for trade
Here is another cartoon I have drawn with the same concept hope you like it :)
e-globalised-4 blogged at 9:01 AM
