After data collection, I conducted a qualitative analysis of the data. More emphasis was given to data received from experienced and knowledgeable individuals. I gave out 325 questionnaires, out of which 318 were successfully answered. My independent variable was the running of the U.S. economy. The dependent variable was the world’s economy, other than that of the U.S. I used Cuba’s economy as my intervening variable because it is the only communist state. A major bias I experienced was that majority of the respondents were over-defensive of America. My research hypothesis was, ‘America is responsible for the world economic instability.’ This hypothesis was confirmed by the results I received. It was evident that Wall Street directly affected many economies. Any disruption in the Wall Street would be felt in almost all economies in the world, World Bank (2009, p.6). However, Cuba was not affected much by this.
From the research conducted, it was clear that United States of America controlled the world’s economy. Any slight slump in its economy would have a rippling effect in countries across Europe, Asia, Africa and other continents. The recession that hit many nations can be traced to Wall