fashionproj - Part I Fall 2006 Fashion Environment A...

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Part I. Fall 2006 Fashion Environment A. Economic The United State’s economy is very strong. As a result of the higher income of consumers, consumer borrowing did not increase as much as it was expected to (Guidice). Therefore, people have more money to spend and do not need to watch what and how much they are spending as carefully. Also, as a result of higher income, the median forecast of 81 economists surveyed by Bloomberg News, showed that “the economy will expand at an annual rate of 2.8 percent this quarter and slow to 2.6 percent in the final three months of 2006.” (Guidice) This provides a lot of money for Americans to spend on the upcoming Fall 2006 trends. B. Social By the end of the year of 2006, the United State’s population will reach 300 million. This will make the U.S. the 3 rd most populated country in the world (D’Agostino). However, this does not mean that the United States will be overpopulated because it is very far from it. The United State’s population density is only 30 people per square kilometer (D’Agostino). Another social issue being dealt with in 2006 by the United States is the war in Iraq. The American people are very divided in their opinions about the war. Some think that the war is justified and so is putting troops in Iraq for as long as needed and some think that the war is not justified and no American troops should be in Iraq. Of course, there are also some people who have mixed opinions as well. An example of an American’s opinion about the war in Iraq is that of John Edwards that was posted in the Op-Ed section of the Washington Post. Edwards says, “Almost three years ago we went into Iraq to remove what we were told - - and what many of us believed and argued - - was a threat to America. But in fact, now know that Iraq did not have weapons of mass destruction when our forces invaded Iraq in 2003. The intelligence was deeply flawed and, in some cases, manipulated to fit a political agenda” (Edwards). Edwards also admits to his mistake in voting for the war in Iraq. He believes that the soldiers who have fought in Iraq served their country well and “have paid a dear price” (Edwards). This dear price is a loss of the soldier's lives to fight for something that Edwards believes is a lie of the American government (Edwards). C. Political The War in Iraq can be thought of as a political issue as well. This is because the war in Iraq was initially fought because of the terrorism and suspected nuclear weapons on Iraq. The Bush Administration was also looking to make Iraq democratic just like the United States. The U.S. put a lot of money into the effort to make Iraq democratic and have elections for their new leader. Also, every day thousands of dollars are put forth to sponsor the war in Iraq. Some of this money is coming out of U.S. citizen’s tax dollars, which also poses some anger from the Americans. Another political issue being dealt with in 2006 is the election for the Senate representations of each state. The caucuses are already starting and the
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This note was uploaded on 10/26/2009 for the course FASH 213 taught by Professor Gydosh during the Fall '08 term at University of Delaware.

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fashionproj - Part I Fall 2006 Fashion Environment A...

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