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well the social concequnces is that people lost a lot of trust in cooperate America and I think this brought about a stronger feeling that the CEOs are only interested in their paychecks and would gladly sacrifice the company for a quick buck. Thus the main concequence was the lost trust.

Economically, lots of people lost a lot of their money or savings, putting them in an insecure economic situation as well as putting a question mark on their future (many people had their life long savings invested in Enron and lost it all), Other than that, it also detered people from investing in big companies for awhile(needs conformation) due to the lost of trust. The stock markets also got nervous for awhile. Companies such as Arther Anderson amongst others who had business dealings with enron also got effected, thus people who never even worked for Enron became victims of the fallout.

I'm not sure of the specific steps that were taken, but accounting practices came under more scrutiny and regulations got tighter. People also became more aware and more cautious about investing.

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