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All About the Bank Bail Out – Part 2
In the UK the credit crunch firmly wrote itself into the history books when one of the largest mortgage lenders in the country – Northern Rock – was nationalised. The nationalisation of the bank was undertaken by the government to prevent the bank from completely collapsing, which effectively rescued thousands of jobs and a large chunk of the UK economy.
The Credit Crunch – What We Can Do?In June 1381 Watt Tyler marched on London with an angry mob of peasants, stormed the Tower of London and demanded more rights for the remaining labourers who survived the Black Death. They asked for higher wages, fewer hours of work and their freedom. Why did this happen, how is this similar to The Credit Crunch crises and what can we do?
