Global Economic CrisisIntroductionSince 2008 , the world has been facing the worst stinting crisis since the Great Depression of 1930s . Although the magnitude of the current economical crisis has not reached the extent the Great Depression , they share a number of similarities in causes and effects . The current world economic crisis has led to liquidity shortf alone in different countries and broad job losses . It has seen large financial institutions close masses while the other sectors of the miserliness are struggling to snag afloat . The crisis has also led to erosion of consumer wealth make up trillions of dollars . Like the Great Depression , the current economic crisis started in one sector and later affected the whole economy . A striking similarity between the two crises reveals that they any started with a bubble and later liquidity shortfall . The initial phase witnessed a bubble in financial and lodgment sector and financial problems in those sector later pass to other areas .

It is worth to note that the current crisis has not been contributed by a single factor but rather multitudes of factors bear conspired to aggravate the crisis Market and regulation based factors can be held accountable for the current crises although other personal factors also contributed to the crisis in different ways . In to save the economy which was eminently collapsing , the government was forced to take fast measures to mitigate the office . In United States , the government ! responded by committing 700 billion parcel and regulations to stabilize the market However...If you want to get a productive essay, order it on our website: OrderCustomPaper.com

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