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America as a starting point of the world financial crisis

Running head : America as a starting point of the world financial crisis

America as a starting point of the world financial crisis

America is the major power in the world . It plays a very important role in the world economy . All the international financial markets are situated in America and it is the key to the success and development of the world . The fundamental financial structure in America is very strong compared to other countries in the world . The economy when affected in the American market has the influence on all the financial

br markets of the world

Today America is going through the tough times . The supreme power is affected by the financial crisis and so the world market . In 1930 's America has seen the same kind of financial crisis . At present , the issue is more serious than before and need to be rectified very soon . It can be said that today 's financial crisis which America and the world countries are facing now has its immediate roots in 2001 , the shock of terrorists attacks and the end of the software boom (Project syndicate No Alan green span , the former head of the U .S Reserve system said that the current financial crisis is an event that occurs only once in 100 years . According to the National Bureau of Economic Research (NBER US entered recession in December 2007

There are many reasons for the world 's financial crisis that has been started in United States of America . The first...

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