The Media’s Economy

08Feb10

Throughout our country’s history, the media has had an influential role in most historic events. The media has always been there to give their opinion, and suggest what they feel the public should know. While media coverage is necessary for us to understand the events taking place in the world, media can also have a negative affect. The current economic crisis was not caused by media coverage, though has greatly influenced the current economic crisis.

The media, which is to this day still run by the wealthier individuals of this country, used a variety of techniques to suggest that we are in a current economic crisis. Through use of articles, news stories, and commercials, the media first created a sense of fear towards the public suggesting the economic crisis. Though, creating fear of loss of jobs, money, and possessions may have only worsened the economic crisis. This fear resulted in people taking their money out of banks and withdrawing from the stock market. These actions, could only influence the economic crisis into a greater crisis as the banks and stock market rely on the public’s money in order to function. While the current economic crisis did not evolve because of the media, it was greatly influenced. Techniques that the media often uses can negatively influence events of crisis.