TIME

WHAT THE CRISIS WREAKED

Traders at the New York Mercantile Exchange on Sept. 16, 2008

Ten years on, the reverberations from the global financial crisis are still shaking up the world order. While the catastrophe led to movements toward nationalism in several countries, it also accelerated America’s departure from its position as leader of the world—and in the void, a new power has begun to rise.

Confidence that the U.S. is a force for international stability began

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