BU102 Project Financial

A financial crisis occurs when a particular large disruption toinformation flows occurs in the financial market. The financial crisisof 2007 started in the United States and spread around the world butit did not lead to a depression because of the aggressive central bankaction. In a paper of 1200-1500 you are required to:1. Discuss the crisis of 2007-2009 in USA and compare it with theGreat Depression in 1929. In your discussion identify thefactors that triggered both crises? (20 marks)2. President Obama prevented the financial crisis of 2007 and2009 from becoming a depression? Explain how he achievedthis (20 marks)3. Canadian was less affected by the financial crisis of 2007-2009,why? (15 marks)4. Currently house prices in Toronto has increased significantlyover the last year, argue two contributing factors, is it a bubblelike USA 2007 crisis and so far what has Canadian governmentdone to fix this surge in house prices and is it working? (20marks)5. What would be you recommendation to the Canadiangovernment? (15)6. Research Citations (In-text citations for paraphrasing and directquotes, and reference page listing and formatting, asappropriate to assignment and style) 5 Marks7. Mechanics of Writing (includes spelling, punctuation, grammar,language use) 5 Marks Use the following information to ensure successful completionof the assignment: Include at least three references resources Four pages or more for the answers Turnitin similarities maximum 15%