The financial crisis discussed differently

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What would happen if...

If something was to happen in the future similar to the financial crisis but updated with that time era? What would happen, the same or something diffrent?

If the finacial crisis happened in a diffrent time era would it be easier to fix or harder.

Explain below

Guide Lines:

  • Year (when it would happen)
  • A reason why. Why do you think it will happen?
  • The cause of it. Who would be to blame?
  • Will it be easier to fix or harder?

Comments (4)

  • Tiff-Avatar.jpg Tiff @ the BNC
    23 Nov 2018

    Great new discussion starter! Can you give your own example to model what you'd like to see?

    Reply to this comment
  • The-Ruth-Gorse-logo-250x250.jpg champion_lobster | The Ruth Gorse Academy
    24 Nov 2018

    Example:
    If it was (insert date) I think that a financial crisis would happen again because (reason why). The people who would of done this would be (insert person to blame) and it would be (easier/harder) to fix because (why is it easier/harder to fix).

    Reply to this comment
  • The-Ruth-Gorse-logo-250x250.jpg balanced_singer | The Ruth Gorse Academy
    26 Nov 2018

    Monday 26th November 2023

    It was 2022 and another financial crisis had occurred. Just like the one in 2008, many people had lost their homes, jobs and businesses. This had happened because the people who's jobs it is to print money haven't been doing it properly so in 2022 there wasn't enough money to go around. It was the banks fault because they haven't been making enough money for people to earn.
    This financial crisis was easier to deal with because it was similar to the one we had in 2008.

    Reply to this comment
  • Elaine-logo-250x250.jpg victorious_snow | Elaine Primary School
    29 Nov 2018

    I think it will be harder to fix from 2018 onwards. This is because, our society right now is in an improved state. As the finincial crisis took place in 2008, it left us with many experiences which made us fix many issues and overcome the situations however if it happens again now then our welly devoloped system of maintaining the bank with a great amount of money would be obviously need to improved way more. Also right now we are with a much modern and richer lifestyle.so if any plight happens at this point, it will be harder to prevent and overcome any of this.

    If his happens another time, I am not sure if the citizens will find bank safe anymore.This would mean the banks will have great lose in business wise and even if we had money, we would need a much safer place to keep the money. But actually the bank is a better guardian to guard our money.However if a financial crisis happened again it is a big lose for us and the bank.

    So overall, I think financial crisis sould've happened in the past along with the 2008 one. And from this point of time another crisis should never happen.

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