Subject: Business    / Finance
A financial crisis occurs when a particular large disruption to
information flows occurs in the financial market. The financial crisis
of 2007 started in the United States and spread around the world but
it did not lead to a depression because of the aggressive central bank
action. In a paper of 1200-1500 you are required to:
1. Discuss the crisis of 2007-2009 in USA and compare it with the
Great Depression in 1929. In your discussion identify the
factors that triggered both crises? (20 marks)
2. President Obama prevented the financial crisis of 2007 and
2009 from becoming a depression? Explain how he achieved
this (20 marks)
3. Canadian was less affected by the financial crisis of 2007-2009,
why? (15 marks)
4. Currently house prices in Toronto has increased significantly
over the last year, argue two contributing factors, is it a bubble
like USA 2007 crisis and so far what has Canadian government
done to fix this surge in house prices and is it working? (20
5. What would be you recommendation to the Canadian
government? (15)
6. Research Citations (In-text citations for paraphrasing and direct
quotes, and reference page listing and formatting, as
appropriate to assignment and style) 5 Marks
7. Mechanics of Writing (includes spelling, punctuation, grammar,
language use) 5 Marks Use the following information to ensure successful completion
of the assignment: Include at least three references resources Four pages or more for the answers Turnitin similarities maximum 15%

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