Please see the attached

1. Study the diagram provided and discuss the crisis.
2. What contributed to this crisis? Identify and discuss one main point.
3. Analyze the economic remedies that were put in place to rectify the crisis.

ORIGIN OF MAIN HOLDERS OF UNITED STATES TREASURY HOLDINGS China Japan OPEC Singapore Chinese Taipei Korea Other USD bilion 5 000 4 500 4 000 3 800 3 000 2 500 2 000 1 500 1 000 500 Apr 04 Jon, Da Jan, 05 App. 05 July DS Arr. 08 Jan, 06 Jilly Of Apr, Ox Jan. 07 Apr 08 Jan. 08 Jan 09 App. 09 July 09 App, 10 Jan. 10 July 10 Jon, 19 On. 10 Since the 2000s, Japan and China have become the largest foreign holders of United States public debt. Source: "Financial Market Trends". OECD Journal, Vol. 2008, No. 94. p. 113, OECD, Paris. Starlink Damm http://dido.org/10 1787/858932780247 136 OECD Insights: Economic Globalisation