The 2008 Financial Crisis in 12 Minutes (Casual Economics)

The 2008 Financial Crisis in 12 Minutes (Casual Economics) The 2008 Financial Crisis was the worst economic disaster and stock market crash in the last 60 years. In the early 2000s, people were buying homes at a record pace. Then, almost overnight, the music stopped. Nearly 19 trillion dollars in household wealth evaporated. Unemployment hit 10% and half the stock market’s value vanished. But what exactly went wrong, and how could such a disaster happen in modern times? In this video we uncover the 2008 financial crisis and key lessons we can learn from it. Background Music Credits: Dark Fog - By Kevin MacLeod Expeditionary - By Kevin MacLeod The Descent - By Kevin MacLeod https://youtube.com/@incompetech_kmac?si=C367YMN-EYhlAuTa Tensions Run High by Soundridemusic Link to Video: https://youtu.be/Ly9H63SLJJo?list=RDLy9H63SLJJo Sneak Up On You by Redafs.com, Licensed under Creative Commons: By Attribution 3.0 License https://www.youtube.com/channel/UCmoM9nGnIkozWnquu6yJkuQ Be sure to subscribe to our channel for more economics videos just like this!