Discussion Post: Financial Crisis
A financial crisis occurs when a particular large disruption to information flows occurs in the financial market. The financial crisis of 2007 started in the United States and spread around the world, but it did not lead to a depression because of the aggressive action by President Obama's and other leaders throughout the world.
Task
• Discuss the financial crisis of 2007-2009 in USA and compare it with the Great Depression in 1929. What triggered both crisis? (The Great Depression and the financial crisis 2007-2009)
• Discuss three similarities and three differences the United States experienced during the Great Depression and the financial crisis of 2007-2009.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.