The great recession : the burst of the property bubble and the excesses of speculation / written by Anastacia Samygin-Cherkaoui ; translated by Rebecca Neal.

Format:

Book

Author/Creator:

Samygin-Cherkaoui, Anastacia, author.

50MINUTES.COM

Contributor:

Neal, Rebecca, translator.

Language:

English

Subjects (All):

Business and economics.

Physical Description:

1 online resource (58 pages)

Edition:

1st ed.

Place of Publication:

[Place of publication not identified] : 50Minutes.com, 2018.

Summary:

Understand the Great Recession in no time! Find out everything you need to know about this key moment in contemporary economic history with this practical and accessible guide. The burst of the property bubble in the USA in 2008 saw millions of families evicted from their homes and soon led to a major worldwide economic crisis. The spread of the crisis and the presence of toxic assets in banks around the world laid bare the complex mechanisms used by financial institutions to avoid taking responsibility for risky assets and the arrogance of the largest banks, who saw themselves as "too big to fail". In spite of large-scale efforts to mitigate the effects of the crisis, its consequences are still felt today. In 50 minutes you will be able to: •Identify the key causes of the recession, including the widespread use of securitization •Understand how the crisis unfolded and spread around the world •Evaluate the measures taken by national governments to mitigate its effects ABOUT 50MINUTES.COM | ECONOMIC CULTURE The Economic Culture series from the 50Minutes collection provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications will give you elements of theory, definitions of key terms and case studies in a clear and easily digestible format, making them the ideal starting point for readers looking to develop their skills and expertise.

Contents:

Intro

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The Great Recession (2007-2009)

Context

Harmful lending mechanisms

Speculation and leverage

How the crisis played out

From the subprime mortgage crisis to the banking and financial crisis

From the banking and financial crisis to the worldwide economic crisis

Impact

Government bailouts

The banks pay up

Concerns over sovereign debt

Reflections on economic equity

The situation today

Summary

Further reading.

Notes:

Description based on print version record.

ISBN:

9782808007030

2808007035