The 2008 Global Financial Crisis was the worst financial crisis since the Great Depression and its impact can
still be seen today.
SEE: Financial Crisis of 2008. By: Trescott, Paul B., Salem Press Encyclopedia, January 2016 in the EMPIRE
STATE COLLEGE LIBRARY: http://library.esc.edu/login?url=http://search.ebscohost.com/login.aspx?
direct=true&db=ers&AN=89550921&site=eds-live and the Credit Crisis of 2007–2009 textbook bonus chapter:
http://wps.prenhall.com/wps/media/objects/15746/16124393/MoffettFMF4eCreditCrisis.pdf
For this research project, summarize The Global Financial Crisis and research and compare/contrast it to one
of the following:
1997 Asian Financial Crisis
1998 Russian Financial Crisis
Collapse of Long-Term Capital Management Hedge Fund
2010 European Sovereign Debt Crisis.
Answer the following questions:
What are the similarities and differences?
Why do financial crises occur?
Will the global economy create more crises or solve future problems?
Will financial crises continue to occur in the future or “Have we learned our lesson?”