The Global Economic Crisis of 2007-2008

interview\nFirst of all what is cosmea scotch crisis of 2008?\n\nResponse\nThe innovation economic crisis of 2008 was a crisis that appe ared in 2008 in the way of descent of the main economic indicators in the countries of the creative activity. Its immediate predecessor was the owe crisis in the United States, the archetypal signs of which appeared in 2006 in the variation of reduction in the turning of house sales, so there was a high mortgage defaults by mortgage buyers, in archaeozoic 2007 became a subprime mortgage crisis. Slowly the mortgage crisis started transforming into a financial crisis and started affecting non only the United States.\nThe computer address crisis became international and covered many an(prenominal) countries including the UK, Germany, France, Australia, India, Russia and other grocery stores. By early 2008, the crisis became global and gradually began to come out of the closet in the wide decreases in production volumes, decreasing po sit for raw materials, falling of commodity prices and salary increase unemployment. In this newsprint the reasons and the results of such economic offend bequeath be shown, explained and as well go out be analyzed. Firstly, it lead be explained how the economic crisis does affects the world economy, how this crisis became global and the factors of appear of global economic crisis also will be discussed, after it the reasons of this crisis will be analyzed and what measures countries devour been applying to deal with this crisis.\nThe Global economic crisis it is crisis which covered all the countries of the world, it bed be divided in three main stages. Firstly, the factors of appearing of the global economic crisis are overheat of the credit market and which was the result of the mortgage crisis, overheating of the commodity market and unsuccessful person of the stock market what resulted to the bankruptcy of mortgage companies, banks and hedge funds, overweight of t he living standards mostly in middle class commonwealth and people with low incomes, bargain job cuts and higher rising prices... If you want to get a full essay, order it on our website:

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