Global Financial Crisis

Since the early 2008, financial institutions started to go through chaos all over the globe. The stock markets were beginning to crash, businesses were shutting down, and investors were losing their money. This was to indicate that the entire globe had been hit by a period of economic crisis leading to a large number of corporate collapses of banks, investment companies, multinational corporations, etc. This downfall of economic markets is more commonly known as the 'The Global Financial Crisis' or the 'Global Recession of 2009' (IMF, April 2012). These times of crisis led to an increase in unemployment, as jobs were being terminated by laying-off employees to cut costs which led to an increase in poverty. Oil prices and prices of other commodities increased by tenfold, making affordability difficult for the average population. This was followed by a steep fall in international trade. Since the Great Depression...
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