A detailed view on financial crises. This textbook's perpuse is to educate the reader about the current and past crises. To show that history repeats itself and to make the reader aware of how financial crises develop long before the markets collapse. A detailed focus is put on the 2007-2009 crisis since this crisis is the most recent. It is possible to start reading the book at any point. Inter-relations are repeatedly explained to highline the connections and relations in which the following incidents happened. The boook containes the following chapters: - Keynesian Economics - Kondratiev Wave - Behavioral Economics and Behavioral Finance - Financial Crises, Recessions & Stock Market Crashes - The United States Housing Bubble - The Surprime Mortage Crisis - Surprime Mortage Crisis Solutions Debate - The Global financial Crisis of 2008, 2009 - Global Responses to the financial Crisis - The Icelandic fiancial Crisis - The 2008 Russian financial Crisis