Essay: Recently USA Witnessed an Economic Crisis
Just recently, USA witnessed an economic crisis typified by massive bailouts and liquidation of long standing financial institutions. This was detrimental to Wall Street.
The failure of the banks to have lending base and consequent government interference constitutes economic flaws. Capitalism entails little or no government interference. The companies should be left subject to the market forces.
Conclusively the two economic crises were hugely similar and typified by government involvement.
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