How it was: the first world economic crisis, the crisis Stock Exchange in New York, the world economic crisis, the great depression, the first energy crisis, the Mexican, Asian, Russian crisis, the crisis Wednesday ...
1788-1792
The economic crisis in France
In the first half of the XVIII century in France was an economic boom. At the end of the century stagnation has come: Manufactory produced goods more than the population consumed. In 1780th there was enough grain stocks for a few years. Many manufactures rolled production. Started mass rallies. Public debt in the years grew several times, to finance loans authorities imposed additional taxes. The economic crisis has led to a political collapse, and in 1792 started the Great French Revolution.
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1825The first international financial crisis
In early 1820 European investors (mainly that came from the UK) invested in the development of gold and silver mines in Latin America. Produced in the region loaded supplied to England - in particular, to the Stock Exchange in London. The massive speculation in gold and silver depleted reserves of the Bank of England, the stock crisis erupted, which led to panic in the British banking system. The crisis over into Latin America, as gold miners lost their main market.
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1836
Stock crisis in England
In 1836 was a maize crop failure in England and the high level of capital outflows (in America began cotton boom). International Bank of England gold reserves fell heavily, and had to raise the discount rate. Crisis began in the British stock market.
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1847
Stock crisis in Europe
In the beginning of the XIX century the most popular asset on the stock market were shares of European railway companies. A speculative boom in the railway shares much of the time was like a massive investment in .com-industries at the turn of XX-XXI centuries. Many railway companies had failed to meet expectations of investors, some firms burst. Begins stock crisis, which goes into the banking system of England, Germany and Holland.
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1857
The first world economic crisis
Started in the United States. The reason - the massive bankruptcy of railway companies and stock market collapse. The collapse of the stock market crisis has caused the American banking system. In the same year, the crisis in England, and then to the whole of Europe.
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1861
The currency crisis in the United States
In the beginning of the Civil War between North and South countries USA appealed for financial assistance to American banks. Banks have provided credit to the Government, but the United States authorities were unable to repay the loan term.
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1907
The crisis in the stock exchange in New York
The Bank of England raised the discount rate from 3.5% to 6% for the replenishment of gold reserves. It was resulted in an outflow of capital from the United States - investors willing to invest in Oshchadbank Kingdom. Shares on the New York Stock Exchange occured.
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1914
The international financial crisis
It was caused by the start of the First World War. The reason - the all-out sale of securities of foreign issuers, Governments of the United States, Britain, France and Germany to finance military action.
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1920-1922
The world economic crisis
War deflation and recession. The phenomenon was related to the banking and currency crises in Denmark, Italy, Finland, the Netherlands, Norway, the United States and Britain.
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1929-1933
The Great Depression
October 29, 1929 (Black Thursday) hit stock indices on American exchanges. The crisis was preceded by a reduction of production in developing countries: the stock market boom in the United States in 1927-1928.
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1933
The crisis of the dollar
U.S. President Theodore Roosevelt decided to terminate the gold standard in the United States. By that time gold Fed is not covered in the money supply in the country. Fearing translating plans Roosevelt, foreign investors started to buy dollars to exchange them for gold and precious metals export from the country. In the end, Roosevelt exercised Intended: canceled referenced dollar to gold.
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1973
The first energy crisis
Black gold miners tried to raise the price of oil on the world market. October 16, 1973 barrel price of oil rose by 67% - from 3 to 5 dollars. In 1974, the price of oil reached $ 12.
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1987
Black Monday
October 19, 1987 the American Stock Dow Jones Industrial index falsl to 22.6%. Catastrophe sites in the world stock speculators believe mysticism: the events are not preceded by economic or political turmoil. A possible cause of the crisis - herd reflex: outflow of investors with a strong decline in market capitalization after a pair of triple-large companies.
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1994-1995
The Mexican crisis
In the end of 1980 Mexican Government has pursued a policy to attract investment into the country. In particular, officials opened a stock exchange.In 1989-1994 he worked. Mexico poured flow of foreign capital. The first manifestation of the crisis - capital flight from Mexico: foreigners have become wary of the economic crisis in the country. In 1995, the country "left" 10 billion dollars. Crisis began the banking system.
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1997
The Asian crisis
The most ambitious Asian stock market were declined since World War II. The crisis - the consequence of the departure of foreign investors from South-East Asia. The reason - the devaluation of national currencies of the region. It is estimated by the economists, the Asian crisis has reduced world GDP by 2 trillion. dollars.
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1998
Russian crisis
One of the worst economic crises in the history of Russia. The causes of default: Russia enormoused public debt, low world prices for raw materials (Russia - a major supplier of oil and gas to the world market) and pyramid government short-term bonds, on which the Russian government was unable to pay in time.
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2001
Crisis. Com
The collapse of Internet companies (Apple) initially referred smaller Internet companies, then rolled to a wave of bankruptcies of large companies in the services that were specialized on b2b (business to business). The reason for the crisis - unnecessarily high level of investments in the company's IT sector . After the crisis lawsuit in the United States had gone into recession.
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