Literary Review of Greenback Blues

The article “Greenback Blues” form the New Yorker illustrates how American have been protected from the harsh realties of the financial world. This is mainly shown through the decline of the American dollar. Currently a Euro costs 1.40 in American dollars. This flux has caused little distress or change on the American side of things including their standard of living, but it has had an effect on other areas. Foreign companies have resisted raising prices in the Unites States and accepted lower profit margins. This might be because the increase of prices in the United States will cause more profit loss than the current profit with the dollar increasing. This resistance of raising prices in the United States has let the effects of the American dollar decilining impacts American very little. Think of the consequences when companies grow tired of their current profit margins. The “safety net” will be yanked away and Americans will be thrown into the reality of what is happening to their currency.