Topic: USA Subprime mortgage crisis 2007-2008.
1. Briefly, show the current year country demographic: location, population, gap, major industries.
2. explain the major causes of the crisis, and what chain of event ensued leading to the crisis.
3. explain the economic consequence to the country, strains on other countries, and contagion due to the crisis.
4. show how the crisis was resolved or not, including timeline.
5. show the final outcome of the crisis( inflation, deflation, stagnation, collapse, lessons learned, etc…)
6. Use at least 3 sources from chapter 1,2,8 of the book International Monetary and Financial Economic by Daniels Van Hoose.
7. Use at least one outside sources.
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