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<div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/A10.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='American Economists Share Nobel Prize' data-article-id='6260'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='10792'>Ben Bernanke, former head of the U.S. Federal Reserve, and two other American economists were awarded the Nobel Prize in Economic Sciences on Monday.</span> <span data-start-time='10792' data-end-time='19750'>Bernanke is credited with helping lead the United States out of the 2007-2008 financial crisis.</span> <span data-start-time='19750' data-end-time='26167'>The two other winners were Douglas W. Diamond and Philip H. Dybvig.</span> <span data-start-time='26167' data-end-time='38021'>The Nobel committee at the Royal Swedish Academy of Sciences said the three financial experts showed “why avoiding bank collapses is vital.”</span> <span data-start-time='38021' data-end-time='48625'>John Hassler of the prize committee said: “Financial crises and depressions are kind of the worst thing that can happen to the economy.”</span> <span data-start-time='48625' data-end-time='57271'>The three men worked during their university careers to understand how bank failures can cause economic downturns. </span> <span data-start-time='57271' data-end-time='68125'>Before their work, most economists saw bank failures as a result of but not a cause of economic problems.</span> <span data-start-time='68125' data-end-time='82813'>Research by Diamond and Dybvig in the 1980s showed that governments could provide assistance to protect money in banks and prevent financial crises from getting worse.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/5689/A10.jpeg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=18950 data-hint-location='26167' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/which_of_the_following_is_a_definition_of_the_word_vital.wav'>Which of the following is a definition of the word vital?</div><div class='choices' data-correct-choice='extremely important'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/extremely_important.wav'><span>extremely important</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/very_ignorant.wav'><span>very ignorant</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/somewhat_intolerant.wav'><span>somewhat intolerant</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/completely_insular.wav'><span>completely insular</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=18951 data-hint-location='10792' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/what_financial_crisis_did_the_subjects_of_this_story_play_a_role_in.wav'>What financial crisis did the subjects of this story play a role in?</div><div class='choices' data-correct-choice='Financial crisis of 20072008'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/financial_crisis_of_20072008.wav'><span>Financial crisis of 20072008</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/wall_street_crash_of_1929.wav'><span>Wall Street Crash of 1929</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/19731975_recession.wav'><span>19731975 recession</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/black_monday_1987.wav'><span>Black Monday 1987</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=18952 data-hint-location='57271' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/before_their_work_most_economists_saw_bank_failures_as_a_result_of__but_not_a__blank__of__economic_problems.wav'>Before their work, most economists saw bank failures as a result of but not a <span class='blank'>cause</span> of economic problems.</div><div class='choices' data-correct-choice='cause'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/cause.wav'><span>cause</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/cousin.wav'><span>cousin</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/house.wav'><span>house</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5689/paws.wav'><span>paws</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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