In 2008, the world experienced the 'Great Recession.' Markets around the world crashed, stock prices plummeted, and major financial institutions started to implode. These factors led to massive insecurity, bank failures, and the need for unprecedented government interventions to prevent a total collapse of the global financial system. What caused this horrible financial turmoil in the first place?

In 2008, the world experienced the 'Great Recession.' Markets around the world crashed, stock prices plummeted, and major financial institutions started to implode. These factors led to massive insecurity, bank failures, and the need for unprecedented government interventions to prevent a total collapse of the global financial system. What caused this horrible financial turmoil in the first place?