A financial crisis occurs when a particular large disruption to information flows occurs…

A financial crisis occurs when a particular large disruption to information flows occurs in the financial market. The financial crisis of 2007 started in the United States and spread around the world but it did not lead to a depression because of the aggressive central bank action. In a paper of 1200-1500 you are required to:
Discuss the crisis of 2007-2009 in USA and compare it with the Great Depressionin 1929. Inyour discussion identify the factors that triggered both crises? (20 marks) President Obama prevented the financial crisis of 2007 and 2009 from becoming a depression? Explain how he achieved this(20 marks) Canadian was less affected by the financial crisis of 2007-2009, why?(15 marks) Currently house prices in Toronto has increased significantly





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