How the 2008 Financial Crisis Really Happened
Update: 2025-11-26
Description
In 2008, the world economy came dangerously close to a complete and total collapse.
By the time it was over, global trade had fallen by almost 10%, more than 8 million Americans had lost their jobs, four million families had lost their homes, and the stock market had lost half of its value.
Honestly, the fact that we still have a financial system after this is kind of a miracle.
So today, let’s take a look at exactly how the system failed, and how it almost destroyed the world economy.
By the time it was over, global trade had fallen by almost 10%, more than 8 million Americans had lost their jobs, four million families had lost their homes, and the stock market had lost half of its value.
Honestly, the fact that we still have a financial system after this is kind of a miracle.
So today, let’s take a look at exactly how the system failed, and how it almost destroyed the world economy.
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