The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the great depression of the 1930s.
One-third of americans with household income below $50,000 -- or lower than the typical us household -- say they had not yet begun to recover or may never recover from the blow of the financial. The crisis dramatically deepened the recession that started in december 2007, and that was a big blow to average americans even if they hadn’t bought a new house or refinanced an old one.
France’s financial and debt crisis (1783–1788)- france severe financial crisis due to the immense debt accrued through the french involvement in the seven years' war (1756–1763) and the american revolution (1775-1783.
“the financial crisis and its devastating aftermath turned millions of americans on the left and right into angry populists,” said larry sabato, a professor of politics at the university of virginia and the founder and director of the center for politics, which promotes civic engagement.
The financial crisis that erupted 10 years ago is a reminder of linkages and interdependence global investors became the spark, yet lasting impacts still linger for many americans.
A decade after the collapse of lehman brothers holdings inc, there are still arguments about who was responsible for the 2008 financial crisis but it’s also worth revisiting who paid for the.