Abstract
Finance is partly international since financial assets have such high liquidity. Many factors, including national financial institutions, financial markets, financial products, and others, contributed to the financial crisis. People's expectations for the future of the economy are pessimistic, the currency of the region has produced a sizeable budget, the scale and aggregate of the economy have been significantly reduced, domestic economic growth has been severely harmed, and many businesses have closed, driving up the unemployment rate. Moreover, there is some social unrest and political unrest along with a general decline in the social economy. On August 9, 2007, the global financial crisis, also known as the credit crisis and lasting from 2007 to 2009, began. After the early subprime home credit crisis arose, investors began to lose trust in the value of mortgage instruments, which caused a liquidity crisis. Despite continuously pumping large amounts of money into the financial system, the central banks of multiple different countries were unable to halt the financial crisis from beginning. The financial crisis had been under control up until September 9, 2008, but it had begun to spin out of control, leading to the failure of numerous significant financial institutions or government takeover.