Global Financial Crisis and Australia

This assignment examines the effects of the Global Financial Crisis (GFC) on Australia. It highlights Australia's relatively better performance during the crisis compared to other nations, despite the widespread impact of the GFC. The analysis delves into the root causes of the GFC, primarily excessive lending without proper scrutiny, and explores the reforms implemented by countries to mitigate the crisis. The assignment emphasizes the continuous need for vigilance to prevent a recurrence of such a severe financial event.