Details

Autor(en) / Beteiligte

• Fullwiley, Duana

Titel

CONCLUSION: Economic and Health Futures amid Hope and Despair

Ist Teil von

• The Enculturated Gene, 2011, p.250-274

Ort / Verlag

United States: Princeton University Press

Erscheinungsjahr

2011

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• In 2006 the global economy had already begun its downward spiral. When the fibers of the U.S. housing market began to give, a cascade of bankruptcies of large financial institutions in the United States and Europe followed. Before the huge losses, very early on, the flow of money gradually began to go from housing to commodities, namely oil, resulting in a commodity price bubble that drove up petrol prices from US$35 a barrel in early 2006 to US$140 in 2008. From the beginning, the small ripples that would culminate in the global crisis of 2007–2009 were already making large