1. The World Financial Crisis
This ledĀ mortgage dealers to issue mortgages with terms unfavorable to borrowers, who were often families that did not qualify for ordinary home loans. ... People started losing trust in governments and banks. ... With less people contribution towards society, measures of austerity had to take place. ... Social Conditions Some people argue that the financial crisis has turned into a social crisis. ... Conclusion The economic crisis has had a devastating effect on labour markets, and thus on the livelihoods and prospects of ordinary working people. ...
- Word Count: 1610
- Approx Pages: 6
- Has Bibliography