7359211
Description
Mind Map by lim Kayzer, updated more than 1 year ago
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Created by lim Kayzer
almost 8 years ago
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2008 FINANCIAL CRISIS
- The Financial Crisis caused the slowdown in the US in the years leading up to
2008
- High unemployment rates
- Reduced the demand for goods and services
- leading the economy to slow down even further
- leading the economy to slow down even further
- Reduced the demand for goods and services
- High unemployment rates
- Inability to repay bank loans
- used bank loans to buy property or to finance their business dealings
- leading to crisis involving banks and financial institutions
- leading to crisis involving banks and financial institutions
- used bank loans to buy property or to finance their business dealings
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