Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned

Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned

Bibliographic Details
Main Author: Gershenzon, Michael
Language:English
Published: Miami University Honors Theses / OhioLINK 2010
Subjects:
Business Community
Automotive
Abnormal Returns
Government Intervention
Online Access:http://rave.ohiolink.edu/etdc/view?acc_num=muhonors1272038103
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spelling ndltd-OhioLink-oai-etd.ohiolink.edu-muhonors12720381032021-08-03T05:42:16Z Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned Gershenzon, Michael Business Community Automotive Abnormal Returns Government Intervention As most are aware, 2008 and 2009 were defined by economic turmoil and uncertainty. The automotive industry was not immune to the panic, arguably feeling the wrath of the chaos more than any other industries. Believing the recession would persist lacking the health of the automotive sector, many experts turned to the U.S. government for a safety net. The government responded with two main tools in an effort to staunch the hemorrhaging of the auto industry: governmental loans (“bailouts” as they have come to be called) and an automotive sector specific policy, the Cash Allowance Rebate System (CARS), colloquially known as Cash for Clunkers. In this thesis, I analyze the government's decisions and test stock market sentiment of each pertinent intervention. Contrary to Adam Smith's revolutionary work with laissez-faire economics, I find that the market overwhelmingly supports government aid. The thesis centers around explaining these implications. 2010-04-24 English text Miami University Honors Theses / OhioLINK http://rave.ohiolink.edu/etdc/view?acc_num=muhonors1272038103 http://rave.ohiolink.edu/etdc/view?acc_num=muhonors1272038103 unrestricted This thesis or dissertation is protected by copyright: all rights reserved. It may not be copied or redistributed beyond the terms of applicable copyright laws.
collection NDLTD
language English
sources NDLTD
topic Business Community
Automotive
Abnormal Returns
Government Intervention
spellingShingle Business Community
Automotive
Abnormal Returns
Government Intervention
Gershenzon, Michael
Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned
author Gershenzon, Michael
author_facet Gershenzon, Michael
author_sort Gershenzon, Michael
title Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned
title_short Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned
title_full Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned
title_fullStr Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned
title_full_unstemmed Government Intervention in the 2008-2009 U.S. Automotive Crisis: Laissez-Faire Economics Abandoned
title_sort government intervention in the 2008-2009 u.s. automotive crisis: laissez-faire economics abandoned
publisher Miami University Honors Theses / OhioLINK
publishDate 2010
url http://rave.ohiolink.edu/etdc/view?acc_num=muhonors1272038103
work_keys_str_mv AT gershenzonmichael governmentinterventioninthe20082009usautomotivecrisislaissezfaireeconomicsabandoned
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