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2008 financial crisis

society Maturity 11-13

Many years ago, money problems grew.

Northern Rock Queue.jpg
Northern Rock Queue.jpg
It started with houses. Many people could not pay for them. This made big banks lose money. This spread to many countries. Leaders worked hard to help. Can you imagine a world like that?

43 words
🖼️ Images & Media (24)
File:Lehman Brothers Times Square by David Shankbone.jpg
Lehman Brothers Times Square by David...
File:TED Spread.png
TED Spread.png
File:GDP Real Growth in 2009.svg
GDP Real Growth in 2009.svg
File:NYUGDPFinancialShare.jpg
NYUGDPFinancialShare.jpg
File:2008 Top1percentUSA.svg
2008 Top1percentUSA.svg
Cost of housing by State.webp
File:Northern Rock Queue.jpg
Northern Rock Queue.jpg
File:S&P BSE SENSEX chart.svg
S&P BSE SENSEX chart.svg
File:22 2007-2008 global financial crisis effect in Bristol UK - credit crunch lunch.jpg
22 2007-2008 global financial crisis...
File:Payroll tax history.jpg
Payroll tax history.jpg
HOUSING FINANCE REFORM- ESSENTIAL...
File:Marriner S. Eccles Federal Reserve Board Building.jpg
Marriner S. Eccles Federal Reserve Board...

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📚 Content adapted from Wikipedia | Readability: FK 13.1 | Vital Level 4