Why is the financial crisis so big?

Well the financial crisis started of being the main bank of the country gave to much money to the bank of another country and this effected the bank alot, which made other countries much more weaker and rents,bills, taxes and more got much more up and people had to pay alot to keep their job, house...

The financial crisis started of in 2008 and this made a apolling inpact on people, it happend when a big mass of money fell down to a small a mass money.(this was a sad mass of money) because lot of coutries took alot of money away.

Why did this effect the people?

This effected the people alot because they on losing their jobs,home and other things that were important to them. This crisis.

Here are some facts about the financial crisis in 2008:

1.The financial criss was premialy cause by deregulation in the fiancial industry.That permitted banks engaged fun trading with deritives.Banks demanded to high up the mortages to support thet the banks will have enough money to level things up.

2. The 2008 financial crisis is the worst economic disaster since the great depression in 1929.

3.If you have any facts then comment down below

people were despret for money that they because homeless and started to suffer for food because only little money was being found.

This was how serious the financial crisis was. this effected more than 100 people across the world.

Imangine you were out of money what would you do?

How would you feel?

this is how big the finacial crisis was.

Comments (2)

  • St-Edwards-logo-250x250.jpg congenial_theory | St Edward's Catholic Primary School
    19 Nov 2018

    This made a really big inpact on families and other people. When people fell in to the trap of the financial crisis people could have lost their home, had to pay a lot for their taxes, mortgage, rents bills and more people could have lost their jobs and live in the street alone with their families or alone by them selves. Kids would have more chance to die because they could have been little and less money to buy food, the streets could have been hard for them to find money and they could have just found a penny or two, but not enough to buy a home or food etc. This financial crisis was happened again because this havoc also happened in 1929. Probably some of you weren't even born in that time, well probably queen Elizabeth II has.
    How would you feel if you were in this situation?

    Reply to this comment
  • St-Edwards-logo-250x250.jpg congenial_theory | St Edward's Catholic Primary School
    28 Nov 2018

    dark times came when this happened everyone lost every thing

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