

The 2008 Financial Crisis: Crash Course Economics #12
Flashcard
•
History
•
12th Grade
•
Practice Problem
•
Easy
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14 questions
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1.
FLASHCARD QUESTION
Front
What is the main topic of the Crash Course Economics video?
Back
The 2008 Financial Crisis
2.
FLASHCARD QUESTION
Front
What is the name of the program that initially earmarked $700 billion to shore up the banks during the 2008 Financial Crisis?
Back
TARP
3.
FLASHCARD QUESTION
Front
What did the Federal Reserve offer to do to prevent fundamentally sound banks from collapsing during the 2008 Financial Crisis?
Back
Make emergency loans to banks
4.
FLASHCARD QUESTION
Front
What did the Dodd-Frank law aim to do in response to the 2008 Financial Crisis?
Back
Increase transparency and prevent banks from taking on too much risk
5.
FLASHCARD QUESTION
Front
What is the term used to describe when one person takes on more risk because someone else bears the burden of that risk?
Back
Moral Hazard
6.
FLASHCARD QUESTION
Front
What did the bi-partisan, financial crisis inquiry commission report blame for the 2008 Financial Crisis? Options: The self-correcting nature of the markets, Years of deregulation in the financial industry, The ability of financial institutions to effectively police themselves, All of the above
Back
Years of deregulation in the financial industry
7.
FLASHCARD QUESTION
Front
What did the investors in the U.S. and abroad start throwing their money at in the 2000s?
Back
U.S. housing market
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