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Crashed

Crashed

By Adam Tooze

How a Decade of Financial Crises Changed the World. Viking, 2018.

0.0 / 0

15 mins read

13 Key insights

A brief summary of Crashed

An in-depth analysis of the 2008 economic crisis and its impact on the world, including the long-term ramifications countries and cultures are still facing today.

Key insights in Crashed

1
What do you get from this book? A close examination of the 2008 global financial crisis and its aftermath
2
Debt obligation, low interest rates, and political division cause mortgages to fail and the economy to crash
3
Foreign countries buy American mortgages, and the “eurozone” finds itself in financial crisis
4
Loss of assets and falling real estate prices lead to economic ruin and global bailouts
5
The federal reserve introduces “swap lines,” but eastern Europe gets rejected from the program
6
A stimulus package, high-end bonuses, and lack of coordination make economic recovery difficult
7
Greece’s history serves as a warning to countries facing crisis, and political conflicts breed distrust
8
G20 members divide over their efforts—or lack thereof—and entire towns go bankrupt
9
Russia clashes with china over the U.S., and tensions run high across Europe
10
Trump wins Washington, new conflicts arise, and china becomes an economic “superpower”
11
Summary of the key insights
12
Selected critiques in brief
13
Final word

Who should read Crashed

Politicians • economists • educators • bankers • historians • entrepreneurs

About the author of Crashed

British-born educator Adam Tooze has devoted his professional life to the research and study of failed financial systems and the global shock that follows as a result. His investigations include detailed examinations of economic crises through a historical lens, illustrating how closely tied the world economy really is, with suggestions for avoiding future financial catastrophes.

author avatar

Adam Tooze

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