Preventing Future Financial Crises: What We Can Learn from the 2008 Crisis!

A financial crisis is a situation in which financial institutions or assets suddenly lose a large part of their value. Financial crises can have severe consequences for the economy as a whole, as well as for individuals and businesses.

The financial crisis of 2008 was one of the worst in modern history. It was triggered by the collapse of the subprime mortgage market in the United States, which led to the bankruptcy of Lehman Brothers, a major investment bank. The crisis quickly spread to other parts of the global economy, resulting in a widespread economic recession. Many countries implemented various measures to address the crisis, including government bailouts of financial institutions and stimulus packages.