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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.

Have your essay responses graded by your teacher and enter your score here!

Your score for this chapter (0-100%) =


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