Crashed: How a Decade of Financial Crises Changed the World

Adam Tooze's "Crashed: How a Decade of Financial Crises Changed the World" offers an in-depth analysis of the 2008 global financial crisis, examining its origins, the responses of various governments and central banks, and its lasting consequences. It discusses the role of mortgage-backed securities and risky lending practices in the US, the interconnectedness of global financial systems, particularly highlighting European banks and their exposure to US assets. The source also explores the political dynamics surrounding the crisis, including the debates over stimulus measures versus austerity in the US and Europe, the rise of nationalism and populist movements in the wake of economic hardship, and the shifting global economic landscape with the growing influence of China.