There were several global financial crises that have occurred such as the “Surge in International Lending” from 1974 to 1982; the “Debt Crisis” of 1982; the “Resurgence of Capital Flows” in the 1990s; the “Mexican Crisis” of 1994-1995; the “Asian Crisis” of 1997; the “Russian Crisis: of 1998; and the U.S. housing crisis of 2007.Select and research one major global financial crisis that occurred after the year 2000. Examine and explain the root cause of the crisis to document the strengths and weaknesses of the methodology used to implement solutions.Support your paper with at least three scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included. Length: 5-7 pages, not including title and reference pagesYour paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.