What is a Financial crisis?


What is a Financial Crisis?

I got this info from: https://en.wikipedia.org/wiki/Financial_crisis and https://www.thebalance.com/2008-financial-crisis-3305679

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value, many people are affected when this happens people lose money, here are some examples of what might happen when this happens: People getting stressed and having suicidal thoughts and taking drugs. In the early 19th and 20th centuries, financial crisis was associated with Banking panics.

Many bankers get things called bonuses, these are when you work hard and you get the money you're payed for working and including a bonus, they give you some extra money.

What do you think? Should bankers get bonuses? Yes or no?

The first sign that the economy was in trouble occurred in 2006. That's when housing prices started to fall. You and us were probably not born at that time if you're about 6-10 years old.

So what do you think about a Financial crisis happening?

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