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zaphodbeeblemox t1_j5ehnyo wrote

Reply to comment by quinyd in Newsroom is a very underrated show by PoopyInMyPants

Global financial crisis, the largest financial crisis since the Great Depression.

They actually cover it in the newsroom with the repeal of glass-steagall in the USA, there was a perfect storm that lead to a massive housing bubble bursting in the United States.

It was a pretty rough time for most countries with massive layoffs massive evictions and the worst stock market crash since 1929.

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quinyd t1_j5ei1p8 wrote

Gotcha. I know what the global financial crisis is (and I’ve watched all of the newsroom), but there’s too many random acronyms being thrown around on Reddit to keep track of everything.

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Far_Confusion_2178 t1_j5f2blp wrote

I’ve written papers on this and done a ton of research and have never seen the acronym GFC so don’t worry, you’re not alone lol

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zaphodbeeblemox t1_j5f8j3q wrote

Maybe it’s a regional thing. Here in Australia it is usually referred to as the GFC. Even official government reports and news headlines here call it “The GFC”

Although Aussies also talk a lot about the gfc because we were one of the few nations to avoid recession during the 07-09 period.

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