In-Depth Analysis of the 2008 Financial Crisis

Abstract

The financial crisis began in the 19th century. The international financial crisis has the remarkable characteristics of wide scope and great impact. Almost no nation in the world is untouched by the global financial crisis after it starts, and the losses incurred can take a long time to fully recover from and even continue to have an impact on the world economy. This paper chooses the most significant 2008 financial crisis as the study object and conducts a thorough analysis of it based on the basis in fact of the 2008 financial crisis brought on by the global financial crisis in the United States. The 2008 financial crisis was the worst crisis the world economy has encountered since the Great Depression of the 2030s. The global credit market and capital market have received an unprecedented and violent impact, and the economic development of many countries around the world has stagnated or even declined. By studying the causes, consequences and corresponding adjustments and changes of the 2008 financial crisis, we can grasp the international economic environment more scientifically and analyze the trend of world economic development after the financial crisis from a more targeted perspective.