Name: ___________________


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Writing, Speech, Debate, & General Knowledge
5.7 Global Financial Crisis of 2008

The global financial crisis of 2008 is a major financial crisis, the worst of its kind since the Great Depression, which is ongoing as of mid-November 2008. It became prominently visible in September 2008 with the failure, merger or conservatorship of several large United States-based financial firms.

Beginning with failures of large financial institutions in the United States, it rapidly evolved into a global crisis resulting in a number of European bank failures and declines in various stock indexes, and large reductions in the market value of equities (stock) and commodities worldwide.

Directions: Prepare a research report on the global financial crisis of 2008. In your report, include the causes, effects, and potential remedies for the crisis.