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Some things that happen during a financial crisis are

1. Banks incur huge losses. Their earnings came down.

2. The housing prices plummet

3. The liquidity in the financial system comes down

4. High unemployment

5. High inflation

etc.

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16y ago

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The United States was the country most affected by the 2008 financial crisis, as it was the epicenter of the collapse due to the bursting of the housing bubble and the subsequent failure of major financial institutions. The crisis led to widespread job losses, a severe recession, and a significant decline in consumer confidence and wealth. Other countries, particularly in Europe, also faced economic turmoil, but the U.S. experienced the most immediate and devastating impacts. The fallout prompted global economic downturns and necessitated substantial government interventions to stabilize financial systems.


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The financial services industry likely felt the greatest impact from progressive regulation, particularly following the 2008 financial crisis. Stricter regulations, such as the Dodd-Frank Act in the United States, were implemented to enhance consumer protections, increase transparency, and prevent excessive risk-taking. These regulations significantly reshaped how banks and financial institutions operate, affecting their profitability, compliance costs, and lending practices. Overall, this sector has had to adapt to a more stringent regulatory environment aimed at promoting stability and accountability.


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There were a number of causes to the financial crisis known as "The Panic of 1837", including the economic policies of President Jackson and most of the banks of the area, ceasing payment in silver and gold.

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