Financial Crisis Research Paper

Financial Crisis Research Paper
Your Name
Course and Section
Professor’s Name
July 18, 2021
The financial crisis that occurred in the year 2008 was one of the most recent jolts in the global financial system. A single bankruptcy brings the entire financial system dangerously close to collapse, causing widespread concern. In a single day in 2008, Lehman Brothers went bankrupt, wiping out a staggering £90 billion from the UK's largest corporation. According to Scott Newton, emeritus professor of modern British and international history at the University of Cardiff, the immediate trigger was a combination of speculative activity in financial markets, with a particular focus on property transactions – particularly in the United States and Western Europe – and the availability of cheap credit CITATION His \l 1033 (History Extra, n.d.).
The c...