The burst of the property bubble and the excesses of speculation
Beschrijving van het boek
Understand the Great Recession in no time! Find out everything you need to know about this key moment in contemporary economic history with this practical and accessible guide.
The burst of the property bubble in the USA in 2008 saw millions of families evicted from their homes and soon led to a major worldwide economic crisis. The spread of the crisis and the presence of toxic assets in banks around the world laid bare the complex mechanisms used by financial institutions to avoid taking responsibility for risky assets and the arrogance of the largest banks, who saw themselves as “too big to fail”. In spite of large-scale efforts to mitigate the effects of the crisis, its consequences are still felt today.
In 50 minutes you will be able to:
• Identify the key causes of the recession, including the widespread use of securitization
• Understand how the crisis unfolded and spread around the world
• Evaluate the measures taken by national governments to mitigate its effects
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