Where Has All The Money Gone?
inventive_bat and crafty_contextSt Gregory's Catholic Primary School B| United Kingdom
09 November 2018
Hello! inventive_bat & crafty_content here.We want to ask where has all the money gone in this Financial Crisis?
We think, most people splashed their cash on things that they didn`t need and forgot about their house and family. They should`ve thought about their family and their health. We also think that they may have been putting it into their own or other peoples businesses. This may happen when other businesses are going in dept.
An example is - Janny is saving up for a house. She needs this house for herself and her family.Then she gets a phone call from her friend bobby. He says " Im running out of money for my business Bobs Burgers can you lend me some money.
She said no.
Did Janny do the right thing?
Would she have earnt monre money?
Would you take the risk
We Found Out
It started out by the Lehman Brothers. They were a global growing bank. In September 2008 they almost started the financial crisis. GDP is still below its pre-crisis peak in many rich countries, especially in Europe. This started as the banks started to give out loans to people that they didn`t need. This can effect the ecomony by there being no banks!
( More Infomation! https://www.economist.com/schools-brief/2013/09/07/crash-course )
Where do you think all the moneys gone? Did you think Janny made the right choise?
By inventive_bat & crafty_content
Comments (6)
12 Nov 2018
Well done! I've given you a star here as you've worked together, given examples, asked questions which show your curiosity and have done some further research. All of this shows great BNC journalism skills! What do other people think about Janny?
Olivia This Post Was Also Done By Crafty_Context Thank you
I did this work with intentive bat
Dear Olivia.
My friend crafty_context did this work with me will she get a star as well as my other friend did a piece with me and got a star?
Thank you
I have added them to the post - so they should receive one too
Thank you so much I will tell her/him
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