Crashed

Outline

Crashed (2018) tells the story of the 2008 global financial crisis and its long aftermath. Adam Tooze shows how problems in American and European banks spread around the world, how governments and central banks responded, and how the crisis led to years of economic and political turmoil, including the eurozone crisis. The book offers a detailed and clear account of how today’s world economy was shaped.

• The 2008 financial crisis began with problems in American and European banks, then spread quickly to economies around the world.
• Governments and central banks played a decisive role in responding to the crisis, and their choices shaped what came next.
• The crisis did not end in 2008; it led to years of economic and political turmoil.
• The eurozone crisis was one part of the long aftermath that Tooze traces.
• Many features of today's world economy can be traced back to how the crisis unfolded and was handled.

Adam Tooze is a British historian and professor at Columbia University who specialises in economic history. He is widely respected for explaining complex economic events and their political consequences. His books include The Wages of Destruction, The Deluge, Crashed, and Shutdown, about the global economy during the pandemic.