Examine+the+some+of+the+causes+of+the+current+global+financial+crisis.

==The **financial crisis of 2007 to the present** represents the worst financial crisis since the Great Depression of the 1930s. It is a crisis triggered by a [|liquidity] shortfall in the United States banking system. It has resulted in the collapse of large financial institutions worldwide, the bailout of banks by national governments and downturns in stock markets around the world. People have lost homes, investments, retirements.==

Source: Wikipedia

==How exactly did the collapse of a Global [|housing bubble] starting in the US cause so much damage world wide? Listen to this excellent and fascinating program for an explanation?== media type="custom" key="27833303" sound not working? go to [|355: The Giant Pool of Money] Need a **German** transcript of the short version? Go [|here!]

=Since the links above are no longer working, use the videos below:=

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Questions:

 * What is the Giant Pool of Money?
 * How did it come about? Why is it so big?
 * Who is in charge of this pile of cash (what kind of jobs, titles are we talking about)?

= Important terms: The US housing bubble, brokers, subprime mortgage, NINA loans, financing, bonds, investor(s), Giant Pool of Money, etc =

==** Your Task: Create a comic that explains h ** ow is the Giant Pool of Money related to the US housing bubble in terms of our global financial crisis. What happened? How did this affect banks in Britain, Chinese government investment, your family, etc? == =**If you are still** **a little fuzzy on some concepts/connections, look at this very short video:** **[|The Global Market]**= =Work Samples=
 * This is a formative assessment and will be graded on criterion A
 * Either make your comic digitally or scan your drawings
 * Upload to the drop box on [|Managebac]

=**How big is this Global Credit Crisis?**=

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source: [|http://www.informationisbeautiful.net]

=Discussion questions for posting=
 * 1) Write a thoughtful response (around 300 words) to the questions below in your class discussion page in the toolbar on the left.
 * 2) Comment on at least two other responses. One of your comments must be to a response without any comments. Make this something more substantial than, "Great Response!"


 * Can you think of any advantages to the world economy being so interrelated and interdependent? Why might this be a good thing?
 * As hindsight is a wonderful thing, what could have been done to prevent some of the problems presented in this case study? Why might your suggestion worked?