Global Financial Crisis

The general objective of this article is to discuss about global financial crisis. Global financial crisis also recognized as the financial crisis, is considered by several economists to have been the worst financial crisis since the Great Depression. It threatened the collapse of big financial institutions, which was disallowed by the bailout of banks by national governments, but stock markets still dropped worldwide. In various areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment.