The Open University’s Martin Upton, Jonquil Lowe and Alan Shipman look back and reflect on the global effects of the banking crisis of 2008-09.

The banking collapse in context

Autumn 2008 witnessed a global financial crisis with governments worldwide taking emergency action to prevent a collapse of the banking system. The aftermath of the worst financial crisis since the 1930s saw economic activity slump. In the UK, higher unemployment, falling house prices and a sharp increase in government debt proved to be the alarming legacy of the near implosion of the banking system. This fascinating insight into the downfall of the global financial markets gives us a clear understanding of where it all went wrong. This material forms part of The Open University course DB234 Personal investment in an uncertain world

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The banking collapse in context

The banking collapse in context

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