The collapse of the real estate market in the US spread across the world
resulting in the collapse of many banks, which lead to unprecedented
government intervention to halt global economic collapse. The result
however, was what is now called the Great Recession, the worst since the
Great Depression in 1929. The global financial crisis brought to light
the fact that the boom of the preceding decade was in reality driven by
debt; and after five years the world's largest economies continue in
their failure to resolve this. Read more>>>
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