Today The Bahamas has become one of the world's foremost vacation resorts. Nassau is the political capital and the commercial hub of The Bahamas. Tourism and international banking and investment management accounts for more than 55% of the country's gross domestic product.
The financial crisis of 2007â08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.he financial crisis of 2007â08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
Most people have an opinion about what or who caused the financial crisis of 2008-09. It was securitization. Or greed. Or deregulation. Or any number of other things that, truth be told, probably did play a role in the unusually severe economic downturn.hile it's always tempting to boil things down to one or two root causes, the reality is that financial crisis of 2008-09 was caused by a confluence of dozens of factors.