🚨 The Collapse That Shook the World
In 2008, the world witnessed the most devastating financial meltdown since the Great Depression. Triggered by the collapse of the U.S. housing market, the crisis exposed the fragility of global finance, wiping out trillions in wealth and sending shockwaves through every major economy.
✔️ Banks issued risky subprime mortgages to borrowers who couldn’t afford them.
✔️ These loans were bundled into complex financial products and sold worldwide.
✔️ When homeowners began defaulting, the entire system started to unravel.
This wasn’t just a market crash—it was a global reckoning with greed, deregulation, and systemic risk.
💰 The Build-Up – A House of Cards
🚨 Financial institutions chased profits by lowering lending standards.
🚨 Mortgage-backed securities (MBS) and credit default swaps (CDS) spread the risk across the globe.
🚨 Rating agencies gave AAA ratings to toxic assets, fueling investor confidence.
The system looked stable—until it wasn’t.
🔥 The Collapse – Lehman Falls, Panic Spreads
✔️ In September 2008, Lehman Brothers declared bankruptcy, triggering a global panic.
✔️ Banks stopped lending, credit markets froze, and stock markets crashed.
✔️ Governments scrambled to respond with bailouts, stimulus packages, and emergency reforms.
The crisis led to massive job losses, home foreclosures, and economic despair across the globe.
⚖️ The Fallout – A New Financial World
🚨 The crisis exposed deep flaws in financial regulation and oversight.
🚨 It led to sweeping reforms like the Dodd-Frank Act in the U.S.
🚨 Central banks adopted unprecedented monetary policies, including near-zero interest rates and quantitative easing.
The 2008 crisis wasn’t just a financial event—it was a turning point in how the world views capitalism, risk, and responsibility.
#GlobalCrisis #2008Meltdown #FinancialHistory #WallStreetCrash #Write2Earn 🚀🔥
