Abstract
What is a financial crisis? What are the causes of a financial crisis, and what are its effects? What are the expectations, for the evaluation of the financial crisis? These are the questions that are going to be answered in this report. This topic is in relation with the company ABX logistics, "the office in Valencia". If we talk about a crisis in general, this means there are rapid negative changes. A financial crisis means that there are negative changes in the economy. At the end of 2007 changes began to be made in the world economy. This was the effect of mistakes which banks in the United States made. At the end of the 20th century they offered their clients loans, which the clients could not pay back. Because the economy in the United States was going so good, banks offered loans to their clients that were 125% of the value of the house they wanted to buy. This was so that the clients could also buy a car. At this moment there were so many houses being sold and being built that after a few years the value of the houses dropped again. Because people in the United States did not have a loan on themselves they just gave back their worthless houses to the bank. The banks did not recover the money, they gave to their clients. Many banks almost wend bankrupt. Banks didn't have much money, while there was still demand for money. This is the case in a crisis. The demand for money is larger that the amount that can be offered. These banks then received money from the governments to be able to survive.
