Week 04 Questions-- Understanding the 2008 Financial Crisis

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1. One of the main fallacies of society during this large economic downturn was the innate characteristic to panic. Once news spread that the economy was crashing and money would be lost, people began pulling their money out of different stocks and accounts, which ultimately was the last nail in the economy’s coffin. What could the government have done to prevent such occurrence?
2. Once the market completely crashed in 2008, the government rushed to create bailout programs for banks and other large corporations. Why were there no programs similar to this for individual citizens or families? What would be the advantages and disadvantages to taking on this project?
3. Following this pivotal point in our economic history, what are some ways our government has acted proactively to make our economy less fragile and more resistant to major downfalls?