by boi on December 7, 2017 - 7:28am
the goal of my article was to find out the leading causes of the stock market crash, the current state of the economy and how it can be prevented aagain. I began by talking about the deregulation of the market starting in 1980 which facilitated the practices that caused the crash. Then I explained the extreme market competition at the time and the different financial instruments used to increase profit by increasing the risk banks took. I came to a conclusion that increased leverage and greed ultimately caused the 2008 stock market crash and that sadly nothing has changed since then and things have gotten worse because after the crash the banks lobbied to stop any form of legislation from limiting their power.