On October 21, 2001, one of the largest energy companies in the world
filed for Chapter 11 bankruptcy after restating their earnings report for the past
two calendar years. Enron, the energy conglomerate had to restate its earnings
because of severely inaccurate book keeping of nine billion dollars.
Clearly, the U.S economy had heroic success during the mid to late
90's. More specifically, the economy had grown because of the influx of the modern
technology, extremely low unemployment, and consumers spreading their wealth
into long-term investments via the stock market. …
