End of Unit Activity
These TED talks will provide information on the 2008 financial crisis in the United States. Click on the first video for Didier Sornette’s views of how early warning signs for a financial crisis can be plotted. Then, watch the second video, which provides William Black’s insider view of how banking practices led to the 2008 financial crisis.
After you have viewed these resources, integrate this information with the material you have learned throughout Unit 1. In a 3 page paper, summarize the factors that led up to the financial crisis, and the impact it had on the US economy as it relates to the U.S. GDP, employment, money supply, and the other economic factors covered throughout the Unit.