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Summary: Adam Tooze's Crashed: How a Decade of Financial Crises Changed the World

54 pages17 minutes


September 2008 is remembered in history as the Great Financial Crisis. This was triggered by the collapse of Lehman Brothers and it shook the world. A decade later, the specter of this crisis still haunts us. As we examine the appalling scale and scope of the crash, we see the financial institutions that have been the West’s symbol of victory since the end of the Cold War. It appears that through malice, greed, and incompetence, they are about to bring the entire system to its knees.

Crashed is Adam Tooze’s brilliantly original and assured analysis of what really happened in 2008 and how we were rescued from something even worse. However, it happened at a price which continues to undermine the democracy all across Europe and the United States. Many billions of dollars are gnawing away at our institutions which were conjured up to prevent the complete collapse of the system. Over and over again, we hear that the crisis has ended, but it still continues to hound us. Adam Tooze follows the trail as no one has done before.

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