“This research assignment refers to the list of financial market events which displayed a destabilizing  of world economies that started at around the time of July 2007 and is currently still in play. This depression (or rather recession) in the world markets was initially tagged a “credit crunch” or a “credit crisis”. This names given the the current economic crisis explains what the issue was that originally led to the crisis and the now so tagged “credit crunch”.

This economic downturn has been ranked amongst the top in notable history. Economists are saying that this is the worst economic crisis / depression since the Great Depression in the late 1920’s which had a global effect.”

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