Historical Events Analysis Paper on Business Continuity PLan Impact

The purpose of this written assignment is to analyze a historical event from the perspective of its impact on an organization and its systems for continuity of business processes. This assignment focuses on business continuity planning and the ability to recover from unforeseen circumstances.
You are to research a major event that not only influenced but transformed how businesses prepared for the unexpected. Select an organization—industry, government or major nonprofit to research and analyze preparation and response to the event.

Two of the four resources are required to be academically credible sources. Attached is a broader breakdown of the assignment.

SAMPLE SOLUTION

Analysis of Historical Event on Business Continuity Plan Impact

The Financial Crisis

Among the noticeable crisis that had a major impact on how businesses and governments were conducted is the 2008 financial crisis. The depression was the hardest hitting since the Great Depression of 1929. The crisis did not happen overnight; it resulted from banks creating too much money within short durations (Acharya, Philippon, Richardson, & Roubini, 2009). The gained money was used to plunge up the costs of housing and speculations on the fiscal markets. In 2001, the US economy underwent a mini-recession which it managed to withstand; the banks began making plenty of loans. It should be noted that each time a bank makes a loan, money is created. Within the next seven years, the amount of money in the economy had doubled and the so did the amount of debt.

The major undoing of the banking sector is that a vast majority of the millions of pounds that were created were retained in the financial sector (Acharya et al., 2009). About 31% of the money went to residential property which had the effect of pushing the prices higher faster than the wages. A further 20% of the trillions were invested in commercial real estate like business property and office blocks. 32% of the funds went into the monetary sector which imploded painfully during the crisis. Only 8% of the funds created in the seven years were allocated to industries outside of the financial quarter.  The remaining eight percent was put into personal and credit card loans (Crotty, 2009). The lending of large amounts of money to the property sector makes the prices of houses go up together with personal debt. Loans are repaid with interest and since the debt was rising faster than the wages, some of the borrowers were unable to maintain their loan repayments. Once they stop reimbursing the loans, the lending institutions…