A financial crisis is a situation in which the value of financial institutions or assets drops rapidly. Until the COVID-19 recession the financial crisis of 2007-2008 is considered the worst financial crisis during the 21st century.
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The financial crisis of 20072008 was a major financial crisis the worst of its kind since the Great Depression in the 1930s.
. In September 2008 many large financial firms in the United States collapsed merged or went under conservatorship a person. A financial crisis is.
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