The First History of Our Financial Crisis

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Resumé

Extract: Adam Tooze's Crashed is arguably the first historical narrative of the financial crisis. It is an ambitious account of the crisis and its global economic, financial, political, and geopolitical causes and implications. Crashed is organized chronologically in four parts—the “Gathering Storm,” “The Global Crisis,” “Eurozone,” and “Aftershocks”—and focuses more on the macrolevel structures, processes, and decisions than on the microlevel and the people suffering from the crisis. Except, that is, in aggregate numbers and a few empathic comments such as this: “As house prices fell, equity dwindled, and the hardest hit slid into negative equity. Families scrambled to slash spending and pay down credit card and other short-term debt. The result was a smothering recession in consumer demand”.
OriginalsprogEngelsk
TidsskriftBusiness History Review
Vol/bind19
Udgave nummer1
Sider (fra-til)161-171
Antal sider11
ISSN0007-6805
DOI
StatusUdgivet - 2019

Citer dette

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The First History of Our Financial Crisis. / Hansen, Per H.

I: Business History Review, Bind 19, Nr. 1, 2019, s. 161-171.

Publikation: Bidrag til tidsskriftReviewForskningpeer review

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