The Causes and Implications of the 2008 Financial Crisis

  • October 21, 2011
  • COL Robert D Bradford III

The financial crisis of 2008 shocked markets and led to a global recession. Failure of the financial markets caused economies to shrink resulting in hardship and loss around the world. In our modern connected world, few nations escaped the consequences of the crisis. This huge financial crisis diminished the economic strength of our nation, with significant implications for our national defense and impacts for our national security.