Overview
Financial crises are significant events that disrupt the normal functioning of financial markets, often leading to severe economic consequences. Understanding the causes and impacts of these crises is crucial for developing effective regulatory measures. Regulation plays a vital role in maintaining ...
Key Terms
Example: The 2008 financial crisis led to a significant drop in housing prices.
Example: The Dodd-Frank Act was enacted to regulate the financial industry after the 2008 crisis.
Example: The dot-com bubble in the late 1990s saw tech stocks soar before crashing.
Example: High market volatility can lead to uncertainty among investors.
Example: During the Great Depression, the unemployment rate reached nearly 25%.
Example: The Securities and Exchange Commission (SEC) regulates the securities industry.