Understanding the American Financial Credit Crisis
The recent financial credit crisis in America has profoundly affected not just the American economy but the global economy as a whole. The American economy is showing some signs of recovery recently but the standard of living for many Americans has decreased and will take several years to recover. This free online course reviews how the credit crisis started in America. The course will discuss how credit loans in America became easier to obtain, and how many people funded their lifestyle changes through these cheap credit loans. This in turn led to a housing bubble and when this housing bubble burst it adversely affected the wealth of many American citizens. The free course also reviews how the American government responded to the credit crisis by examining the bailout schemes for the American banking system implemented first by Hank Paulson and later by Timothy Geithner. This course will be of interest to all professionals in the housing, banking, finance and political sectors who would like to learn more about how the American financial credit crisis started and what its repercussions are, and to all learners who would like to understand the key factors which brought about the credit crisis and why it has adversely affected so many lives.
Learn more about the financial credit crisis in America.
Learning outcomes: - Understanding the key factors involved in causing the housing bubble; - Examine where financing when wrong and how it spiralled; - Learn how the credit crisis was dealt with in order to come about to normal practises again; - Gain a clearer concept of the credit crisis and its consequences.