The Global Economic Crisis of 2007-2008

Question\nFirst of altogether what is world sparing crisis of 2008?\n\n retort\nThe world scotch crisis of 2008 was a crisis that appeared in 2008 in the air of worsening of the principal(prenominal) sparing indicators in the countries of the world. Its immediate precursor was the owe crisis in the unite States, the first signs of which appeared in 2006 in the form of reduction in the number of house sales, so there was a laid-back owe defaults by mortgage buyers, in early 2007 became a subprime mortgage crisis. S clinical depressionly the mortgage crisis started transforming into a financial crisis and started alter not only the united States.\nThe assurance crisis became global and cover many countries including the UK, Germany, France, Australia, India, Russia and other merchandises. By early 2008, the crisis became global and gradu aloney began to emerge in the spacious decreases in production volumes, decrease demand for raw materials, dropping of commodity pri ces and rising unemployment. In this paper the reasons and the results of such economic collapse will be shown, explained and in addition will be examine. Firstly, it will be explained how the economic crisis does affects the world economy, how this crisis became global and the factors of appearing of global economic crisis also will be discussed, after it the reasons of this crisis will be analyzed and what measures countries have been applying to deal with this crisis.\nThe spherical economic crisis it is crisis which covered all the countries of the world, it can be shared in three main stages. Firstly, the factors of appearing of the global economic crisis are overheating of the credit trade and which was the result of the mortgage crisis, overheating of the commodity market and failure of the stock market what resulted to the bankruptcy of mortgage companies, banks and overreach funds, lowering of the living standards in general in middle fall apart population and peop le with low incomes, mass job cuts and higher(prenominal) rising prices...