Economic Collapse Financial Crisis
description
Transcript of Economic Collapse Financial Crisis
![Page 1: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/1.jpg)
Economic Collapse Financial Crisis The Meltdown of Financial in 2008
![Page 2: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/2.jpg)
Governments Banks and Companies People
![Page 3: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/3.jpg)
Government
The Central Bank Currency Rescue plans
![Page 4: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/4.jpg)
The Central Bank
Wikipedia
![Page 5: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/5.jpg)
Currency
http://www.alrainews.net
![Page 6: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/6.jpg)
In 1971, the currency of the USA started to be related with the economy of the country its self.
A 100 Dollars cost 4 cents. The government of the United States sells as a $100. All currencies in whole world are related with Dollar
whether directly or not. For example, China has 2 trillion dollars in Chinese
home, which means China cannot communicate with world without dollars.
Wikipedia
![Page 7: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/7.jpg)
Inflation
The USA lost $ 10 trillion of the currency value, which affected all currencies were related directly with the United States’ currency.
Some currencies started to be not related with dollar.
![Page 8: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/8.jpg)
Rescue plans
![Page 9: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/9.jpg)
![Page 10: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/10.jpg)
This company is one of the pillars of the U.S. economy
![Page 11: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/11.jpg)
One of the rescue plans from the government of the United Stats was paying $ 85 billion to support this company.
![Page 12: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/12.jpg)
The US government supported City Bank by $ 300 billion.
The government of the United Stats supported banking sector by $ 700 billion.After that, China, Europe, and some of the Asian countries did the same.
![Page 13: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/13.jpg)
![Page 14: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/14.jpg)
The GM company almost went bust or went bankrupt. After that, the United Stats government supported GM by $30 billion, so United Stats government owns $45 billon of the company.
http://www.washingtonpost.com
![Page 15: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/15.jpg)
Mortgage
![Page 16: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/16.jpg)
Mortgage
The government supported Freddie Mac and Fannie Mae by $ 200 billon.
The Gulf countries lost $10 billion because of the mortgage.
![Page 17: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/17.jpg)
The government of the United Stats paid $540 billion to support mutual funds.
The Gulf countries lost $1300 trillion in mutual funds.
![Page 18: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/18.jpg)
In the middle of 2007, the oil price was $140 per one barrel.In the end of 2008, the oil price was $36 per one barrel.
![Page 19: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/19.jpg)
![Page 20: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/20.jpg)
Banks and Companies
After working 150 years, the Lehman Brothers Bank went bankrupt.
J P Morgan Chase Bank bought Bearn Stearns Bank.
Bank of America bought Merrill Lynch Bank. Goldman Sachs Bank and Morgan Stanley
Bank changed their system from investment banks to commercial banks.
![Page 21: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/21.jpg)
http://www.pinoymoneytalk.com
![Page 22: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/22.jpg)
People
![Page 23: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/23.jpg)
![Page 24: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/24.jpg)
![Page 25: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/25.jpg)
People
In the United Stats 2.6 million people lost their jogs.
By comparison, the 2.6 million jobs lost in 2008 nationwide were equal to the number of jobs found in states such as Wisconsin, Missouri or Maryland.
http://money.cnn.com
![Page 26: Economic Collapse Financial Crisis](https://reader033.fdocuments.in/reader033/viewer/2022052312/56815f65550346895dce5f80/html5/thumbnails/26.jpg)
What made it worse?
Almost all financial experts and economists did not predict that would happen. They predicted that would be recession.
http://www.alayam.com/articles