Could the financial crisis happen again?

Comments (7)

• quickwitted_antelope | Notley Green Primary School
  13 Nov 2018

  I think it would take a lot for there to be another financial crisis but if we did it would even worse than the one before and we might not even recover.

• [email protected] | Notley Green Primary School
  13 Nov 2018

  Do you think that financial awareness is important from a young age?

• 1. inventive_bat | St Gregory's Catholic Primary School B| United Kingdom
     Lisa Turnbull's comment 14 Nov 2018

     I think that it is. I think this because you can learn about profit, investing, ways of the bank and how to save / use your money

• lovely_coyote | Notley Green Primary School
  14 Nov 2018

  If we are not aware of this crisis at a young age then if it does happen we will not understand enough to deal with it

• quickwitted_acorn | Notley Green Primary School
  14 Nov 2018

  Well I suppose it could happen again because you never know someone could send an empty package. Write you think

• selfassured_starfish | Notley Green Primary School
  14 Nov 2018

  I believe that although it could happen again, it is unlikely to. The regulators, that monitor how banks work and bank employees act, have stricter rules in place. Also the banks are doing a lot to prevent anything like this happening again. They control the products they sell to customers and have invested lots of time and money into training their employees. The financial crisis was terrible for so many people and many lessons have been learnt. I think it's unlikely to happen again.

• fair_analysis | Notley Green Primary School
  15 Nov 2018

  Well if it did, it won’t effect all of England as I do know some company’s that weren’t effected last time. But it might now. Write your ideas.

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