The Global Economic Crisis of 2007-2008

foreland\nFirst of all what is humans sparing crisis of 2008?\n\nResponse\nThe orbit economic crisis of 2008 was a crisis that appe ared in 2008 in the way of declension of the main economic indicators in the countries of the human race. Its immediate predecessor was the owe crisis in the United States, the origin signs of which appeared in 2006 in the take a shit of reduction in the tote up of house sales, so at that place was a high mortgage defaults by mortgage buyers, in proto(prenominal) 2007 became a subprime mortgage crisis. Slowly the mortgage crisis started transforming into a financial crisis and started affecting non only the United States.\nThe credit rating crisis became globose and covered galore(postnominal) countries including the UK, Germany, France, Australia, India, Russia and other grocery stores. By early 2008, the crisis became global and gradually began to step forward in the wide decreases in production volumes, decreasing select for raw mat erials, falling of goodness prices and emergent unemployment. In this report the reasons and the results of such economic fall in pull up stakes be shown, explained and in any case allow for be analyzed. Firstly, it willing be explained how the economic crisis does affects the world economy, how this crisis became global and the factors of be of global economic crisis also will be discussed, after it the reasons of this crisis will be analyzed and what measures countries agree been applying to deal with this crisis.\nThe Global economic crisis it is crisis which covered all the countries of the world, it buns be divided in three main stages. Firstly, the factors of appearing of the global economic crisis are hot up of the credit market and which was the result of the mortgage crisis, overheating of the commodity market and mischance of the stock market what resulted to the loser of mortgage companies, banks and hedge funds, backbreaking of the living standards mostly in middle class world and people with low incomes, kitty job cuts and higher rising prices...