What were the long-term consequences of the crisis and the governmental intervention (if there was any)?
economics
Description
American financial history is littered with banking crises. For this paper you are to research a specific banking crisis (be it from the 19th, 20th, or 21st century) and address the following considerations:
- What was the cause of the crisis?
- Is there disagreement about the cause?
- Did governmental intervention occur in the wake of the crisis?
- What were the long-term consequences of the crisis and the governmental intervention (if there was any)?
