Global Financial Crisis

Global Financial Crisis

by Philip Steele


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This important title tackles the complex events that led up to the global financial crisis and recession of 2007 onward. Readers will weave their way through the differing causes and effects of the crisis and are encouraged to come to their own conclusions about global economic theories, the effects of globalization, and the income inequality between the wealthiest 1% and the rest of the population. Using case studies, debate sidebars, and critical-thinking questions, Global Financial Crisis offers perspectives on past and current economic situations, ultimately addressing the question: Is the current economic climate fair and stable, or are the world's economies heading for another crash?

Product Details

ISBN-13: 9780778725862
Publisher: Crabtree Publishing Company
Publication date: 08/25/2016
Series: Behind the News
Pages: 48
Product dimensions: 8.10(w) x 10.10(h) x 0.40(d)
Lexile: 1110L (what's this?)
Age Range: 11 - 14 Years

Table of Contents

Crunch and bust 4

Milestones 6

How things went wrong 8

The home loans trap, 2008 10

Who was to blame? 12

The rise and fall of prices 14

Four economic theories 16

How secure is our money? 18

The problems with banks 20

Lehman Brothers, 2008 22

Responding to crisis 24

Should bailouts be given? 26

Introducing austerity 28

Should we spend or save? 30

The global impact 32

Layoffs, China, 2008 34

Is globalization the answer? 36

Poverty and justice 38

Social issues, Greece, 2008-2016 40

What is the answer? 42

Betting on futures 44

Glossary 46

Index 48

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