Implications of the global economic crisis
- Created by: Katie Beaumont
- Created on: 22-01-17 17:18
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- Implications of the GLOBAL ECONOMIC CRISIS
- In 2007, the onset of the credit crisis saw a reduction in the availability of loans or credit, due to banks unwilling to lend money.
- These banks were bailed out by Fannie mae and Freddie MAc.
- The credit crisis crippled around the world, because of the USA being the hegemon.
- Links with a lack of regulation, causing financial crises.
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