Political Environment:
The closure of American banks in 2009 due to the worldwide recession can be attributed to the political environment. Governments play a significant role in regulating the banking sector, and policies set by political leaders can impact the stability and profitability of banks. In the case of the 2009 recession, political decisions such as deregulation, lack of oversight, or inadequate response to the crisis could have contributed to the closure of banks.

Social Environment:
The social environment also played a role in the closure of American banks in 2009. The recession led to high levels of unemployment, reduced consumer spending, and overall economic hardship for many individuals. As a result, banks faced challenges such as loan defaults, decreased demand for financial services, and a decline in investment opportunities. These social factors can directly impact the financial health of banks and contribute to their closure.

Legal Environment:
The legal environment is another dimension of the business environment that could have influenced the closure of American banks in 2009. In times of economic crisis, banks may face increased regulatory scrutiny, legal challenges, or changes in legislation that affect their operations. For example, new laws aimed at preventing future financial crises could impose stricter regulations on banks, leading to increased costs and reduced profitability.
In conclusion, the closure of American banks in 2009 was influenced by a combination of political, social, and legal factors. Understanding and adapting to the various dimensions of the business environment is crucial for banks to navigate challenges and ensure their long-term success.