The story of the 2008 financial crisis simply cannot be told without understanding the actions of major financial institutions and their impact on the global economy. In this unit study, students will learn:
- How banks originated and sold mortgage-backed securities containing high-risk loans they knew were likely to default, transferring risk while keeping profits
- How deregulation, desupervision, and decriminalization created the environment that made this devastating crisis possible
- Why the government chose to bail out major financial institutions while millions of Americans lost their homes
- How the political aftermath of the crisis reshaped both American politics and the global economic landscape
Improve your understanding of economics, financial ethics, and the relationship between government and banking with this comprehensive examination of one of the most significant economic events of the 21st century.
