Erik Erikson proposed eight stages of psychosocial development across the human lifespan. Each stage presents a developmental crisis centered around trust, autonomy, initiative, industry, identity, intimacy, generativity, and integrity. Successful resolution of earlier crises helps individuals develop virtues like hope, will, purpose, competence, fidelity, love, care and wisdom to progress through life. Failure to resolve crises can lead to weaknesses like sensory distortion, compulsion, inhibition, inferiority, identity confusion, isolation, stagnation and despair. Erikson's theory emphasizes the importance of social experiences and relationships in psychological development.