Financial crisis is one of the topics that have attracted the interest of researchers in recently. The research focused on the issue of the crisis of the Asian Tigers and the mortgage crisis and comparing them in terms of causes and repercussions. It may meet most of the financial crises in many of its causes, factors, roots and results in the advanced and the developing countries. This crisis has its own pattern and its causes and nature and it is characterized by a crisis of cash liquidity and the collapse of many banks and declare bankruptcy and a sharp decline in stock prices and indices of the stock market and so far the common denominators among the causes but does not mean this There are differences between the financial crisis and the other in terms of its concept and roots, measurement and depth and the aggression and economic and social effects that leave them in the economic and social changes in the countries of crisis and beyond, and the main difference is the period of time that the length of the crisis and slow processing and weakness in the hedge and Are developing countries open and have economic relations with other countries and regional or international countries or get in countries with a semi-closed economy is limited within and eat its economy and it seems from this research that both global crises crisis Asia 1997 and the crisis of America 2008 that it does not Found that there was a common denominator in their causes. On the contrary, both crises were completely different, and the treatment was quite different. The Asian tiger crisis was treated by the International Monetary Fund, while the 2008 mortgage crisis was the only America in which the crisis took place. She quickly treated her and eliminated her. However, the common denominator between the two crises remains their hostility, speed of transmission and its impact on the economies of the developed and developing countries and their impact on many economic variables.