The 2008 Financial Crisis

The 2008 Financial Crisis
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Slide 1: Tekstslide
EconomicsSecondary Education

In deze les zitten 19 slides, met interactieve quizzen, tekstslides en 2 videos.

time-iconLesduur is: 60 min

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The 2008 Financial Crisis

Slide 1 - Tekstslide

What do you
know about banks?

Slide 2 - Woordweb

Slide 3 - Video

The video is about a man who is not interested in getting a mortgage. He is looking for a new car and a skiing holiday in the Alps. The bank offers him a mortgage, but he declines. The bank then asks him if he would be willing to sell one of his children to keep up repayments. The man is shocked and leaves the bank.

Slide 4 - Quizvraag

The video is about a man looking for a mortgage. He wants to borrow 300,000 pounds over 25 years. The bank offers him a brand new car and a skiing holiday in the Alps. A few years later, the bank asks him if he would be willing to sell one of his children to keep up repayments. The bank finally offers him 10,000 euros based on a 98 percent deposit that he has already given them.

Slide 5 - Quizvraag

Think Pair Share

1. Do you think the broker in the video behaved responsibly? 
2. What are the main differences between the two scenes?

Slide 6 - Tekstslide

How do banks work?
Banks get money from people who save their money in the bank and also from other banks. They take this money and lend it to different people or businesses, like builders.

Slide 7 - Tekstslide

During a time called the Celtic Tiger period, banks gave a lot of money to builders to help them build houses and properties. However, in 2008, something went wrong. Builders couldn't sell the properties they had built.

Slide 8 - Tekstslide

This was a problem
This created a big problem for banks. They were at risk of running out of money, which means they couldn't give back the money to the people who had saved their money in the bank, and they also owed money to other banks in Europe.

Slide 9 - Tekstslide

Anglo Irish Bank
One bank that faced a lot of trouble during this time was Anglo Irish Bank. It was in such a tough situation that it had to ask for help from the central bank. But here's the catch: the central bank didn't do a good job of making sure banks were being careful with their money. They let banks put too much of their money into one thing, like the property market.

Slide 10 - Tekstslide

Slide 11 - Link

Lessons Learned
When the property market got into trouble, it affected the banks, and that's why they needed help. This shows us how important it is for banks and regulators to be careful with our money and not put all their 'eggs' in one basket, like the property market.  It also shows the importance of regulations. 

Slide 12 - Tekstslide

What was the attitude of the Anglo Irish Staff towards their loan books?
They behaved responsibly
They behaved recklessly

Slide 13 - Quizvraag

What responsibility
did the Central Bank have?

Slide 14 - Woordweb

How might a customer react if the bank runs out of money?

Slide 15 - Open vraag

Slide 16 - Video


Slide 17 - Quizvraag

Class Discussion
1. Do you trust banks with your money?
2. What do you think is the role of the media in financial crises?
4. How do you think the Northern Rock crisis affected people's trust in banks?

Slide 18 - Tekstslide

Homework Task
Research and write a short essay on the role of financial regulation in preventing economic crises.
Prepare a presentation on a financial institution's ethical responsibilities during a crisis.

Slide 19 - Tekstslide