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|GLOBAL FINANCIAL CRISIS |November 12 |
| |2008 |
| | |

PART 2

Introduction

The stock price plunge and the severe credit crunch we are watching today in the global financial markets are byproducts of the developments in the US six years ago. In late 2001, fears of global terror attacks after 9/11 shook an already struggling US economy, one that was just beginning to come out of the recession induced by the bursting of the dotcom bubble of late 1990s.

In response, during 2001, the Federal Reserve, the US central bank, began cutting interest rates......

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Approximate Word Count: 5904
Approximate Pages: 24 (250 words per double-spaced page)

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