Review:
Global Financial Crisis Of 2008
overall review score: 2.5
⭐⭐⭐
score is between 0 and 5
The global financial crisis of 2008 was a severe worldwide economic crisis that began in late 2007 and continued through 2008 and beyond.
Key Features
- Housing market collapse
- Credit crunch
- Bank failures
- Stock market crash
- Unemployment spike
Pros
- Increased awareness of financial risk
- Prompted regulatory reforms to prevent future crises
Cons
- Severe economic downturn
- Millions lost their homes, jobs, and savings