What happend in 2008 and why.

The financial crisis of 2008 was a major financial crisis, the worst of its kind since the Great Depression. It became prominently visible in September 2008 with the failure, merger or conservatorship of several large United States-based financial firms. The underlying causes leading to the crisis had been reported in business journals for many months before September, with commentary about the financial stability of leading U.S. and European investment banks, insurance firms and mortgage banks consequent to the subprime mortgage crisis.

Because this happend people were forced to give there Tax money to pay which cost about 3000 pounds.The reason why this happend was because in 2008 the govemont didnt make strict rules for banks, meaning they were allowed to give loans. So what about loans you may ask, well im here to awnser that questions, the bankers bosses gave there workers alot of courage which made they workers take risk meaning giving people and works loans and knowing that the money wont be returned.

This is the house of England which the govement owns, this stores all the gold and money the govement owns, they even look after other peoples money and if you think you can rob it think again because the walls are approxmaily 8 times thicker then the walls we have for our houses if you will like to see this 300 and over year old building, you can find this at the center of London it was found in 1694, this is number that you can call 020 7601 4878

Thak you for reading this! I hope you learnt some new stuff!

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