global crisis 2008

Where did the 2008 financial crisis begin?

• Europe

• South America

• Great Britian

• Unitet States

What was the main cause of crisis?

• a trade war between the US and China

• the collapse of Amazon

• risky subprime mortage lending

• problems in the cryptocurrency market

Why did people take out so many mortage loans before 2008?

• they belived home prices would keep rising

• there were not enough houses on the market

• banks only gave loans to the richest people

• the goverment forced people to buy homes

Which major bank collapsed on September 15 2008, triggering global panic?

• Goldman Sachs

• Citibank

• JPMorgan Chase

• Lehman Brothers

What actions did goverments take to rescue the economy?

• increased taxes on banks

• banned all lending

• provided bilion-dolar bailout packages for banks

• shuts down stock markets for severals months

What were the immediate effects of Lehman Brothers' collapse?

• a surge in new home construction

• stock markets crashes wordlwide

• increased confidence in investment banks

• lower inflation and economic stabilization

Which Europen country was hit the hardest by the crisis?

• Sweden

• Austria

• Norway

• Greece

What changes were introduced after the crisis to prevent similar situations?

• stricter banking regulations

• full privatization of central banks

• mandatory investment in cryptocurrencies

• goverment control over personal savings

Which sector saw massive bankrupties during the crisis?

• energy

• finance

• manufacturing

• retail

What organization helped Greece during the crisis?

• NATO

• UN

• TARP

• IMF