The Financial Crisis - Free Essay Examples and Topic Ideas

The financial crisis refers to the period of economic turmoil that began in 2007 and lasted until 2009, characterized by a widespread collapse of financial institutions and markets. It was triggered by the bursting of the housing bubble in the United States, which had created a system of risky mortgages and securities. Banks and other financial institutions suffered significant losses, while many individuals lost their homes and jobs. The crisis had global implications and led to a widespread recession, prompting government bailouts, regulatory reforms, and increased scrutiny of the financial industry.