Financial activity slowed down sharply, in some cases grinding to a halt. Many people lost their jobs, and many more suffered from a higher cost of living.
Fires and financial crises: are there any similarities?
Understanding financial crises – why they happen and how best we should deal with them – is hard.
One way to make sense of the financial turmoil during the 2007-08 crisis is to look at the way that the Great Fire of London spread from home to home in 1666.
Of course the type of damage caused by fires and financial crises is very different.
But this video asks the question: what can fires teach us about financial crises?
We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.