Global Meltdown • Free Forever

: Define "Global Meltdown" as the systemic failure of interconnected financial markets starting in late 2007.

: Sign of decline in automobiles, infrastructure, and tourism. Global Meltdown

: Identify the collapse of the US subprime mortgage market as the primary trigger. : Define "Global Meltdown" as the systemic failure

: The collapse of export-oriented industries due to weakened global demand. Global Meltdown

: Mark the September 2008 Lehman Brothers bankruptcy as the pivot point where the crisis became a "total meltdown". III. Channels of Global Contagion

: Explain how toxic mortgage-backed securities were distributed globally, leading to a panic in funding markets.

: How international banking and financial integration served as conduits for the spread of the crisis. Real Economy Impact :