Financial Crisis 2007-2008 Slides

Financial Crisis 2007. Content. Causes of the. Introduction. Causes of the Crisis. House price change. Impact on markets. The global financial crisis affected virtually all areas, including the process of globalization. Foreclosures. People could no longer afford to purchase homes. Decline in manufacturing. Manufacturing fell dramatically, especially in the automotive industry. Effects of economic crisis 2008 on the global economy. Collapse of several large international banks. Conclusion. The 2007-2008 financial crisis had devasting results to workers, countries, and economies world-wide.

House price change. increase in interest rate. collapse of investment bank. collapse of stock prices.

People could no longer afford to purchase homes. Fall of demand of goods required in construction. All of the industries that produced these products generally experienced decline sales.

Manufacturing fell dramatically, especially in the automotive industry. „General Motors“ and „Chrysler“ declaring bankruptcy after closing many factories and dealearships, despite unprecedented financial support from the us goverment.

Effects of economic crisis 2008 on the global economy.