The best in the world

  • Home
  • Technics
  • Finance
  • Ratings
  • Cars
  • Movie
  • People
  • Home
    • Technics
    • Finance
    • Ratings
    • Cars
    • Movie
    • People

Home Ratings

Top 10 global financial crises

Share
Pin
Tweet
Send
Share
Send

After the sad events of 2008, every year with bated breath we expect new economic shocks, rising unemployment, inflation, devaluation, stagnation and other troubles.
Meanwhile, analysts argue that global crises shake the economy with enviable frequency. To clearly demonstrate this pattern, we bring to your attention Top 10 global financial crises.

10. The crisis of 1825

Historians often call the events of 1825 the first international financial crisis. In the early 1820s, several Latin American countries gained independence at once. A stream of investments from the UK rushed here, and a speculative mania began on the London Stock Exchange. As a result, the collapse of the British stock market erupted, the banking crisis quickly spread to the continent and overseas to Latin America.

9. The crisis of 1907

The crisis was provoked by the Bank of England, which raised the discount rate from 3.5% to 6% to replenish its own gold reserves. The event caused an outflow of capital from overseas and triggered a fall in the US stock market. In general, the crisis affected the UK, USA, France, Italy and several other countries.

8. The crisis of 1914

The outbreak of World War I caused an international financial crisis. The collapse of the money and commodity markets of dozens of countries. In the United States, Britain, and several European countries, banking panic was only mitigated by timely intervention by central banks.

7. The Great Depression of 1929-1933

The reason for the famous "depression" was a sharp increase in the purchasing power of the currencies of the Scandinavian countries, Italy, England and the United States in the postwar years. 10.24.1929, the fever on the New York Stock Exchange began. Shares of the largest companies lost 70% of the value. Factories began to close, unemployment reached alarming proportions. Ultimately, at least 30 million people in the United States and Europe were affected by the crisis.

6. The crisis of 1987.

On "Black Monday" - 10/19/1987, there was a collapse in the US stock market. The Dow Jones Index fell 22.6% or 508 points. Following the USA, the markets of Canada, Australia, New Zealand, Hong Kong, and Latin American countries “collapsed”. It took 21 months to return to the pre-crisis state.

5. The Mexican crisis of 1994-1995

This crisis, economists often call "Tequila." Despite the fact that he mainly affected the Mexican market, the governments of many countries for the first time in history provided significant financial assistance in order to prevent the crisis from flowing beyond the borders of Mexico. Only the United States formed a $ 20 billion loan package for the country. Which, by the way, made the Mexican economy dependent on the US economy for many years.

4. The Asian Crisis of 1997

The crisis was triggered by the collapse of the Hong Kong stock market, which caused a serious resonance in all countries of Southeast Asia. Over time, the wave overtook the markets of Europe and the United States. It is believed that this crisis to some extent influenced the events of August 1998 in Russia.

3. 1998 crisis

Most of all, this crisis hit the Russian economy. But there is every reason to call it international, since Ukraine, Kazakhstan, Lithuania, Estonia, Moldova, Latvia and Belarus suffered. For six months, the ruble fell more than three times. The Russian banking system has been in a state of collapse for at least a year. The number of depositors who have lost all their savings is in the hundreds of thousands.

2. The oil crisis of 1973-1974

Oil prices skyrocketed from $ 3 to nearly $ 12 per barrel. OPEC countries have reduced production and said they will not supply "black gold" to countries that support Israel. The oil crisis has contributed to an increase in Soviet oil exports.

1. The crisis of 2008

The crisis began in the USA. Among the reasons, analysts say overpriced commodity prices, and huge volumes of credit debt at a low interest rate. Today, financial analysts argue whether the crisis is over or is in full swing. Howbeit, 2008 crisis is considered the most global in the history of the world economy.

Share
Pin
Tweet
Send
Share
Send

Watch the video: Economist who predicted last financial crisis warns of coming Greater Depression (June 2025).

Similar Articles

10 tallest buildings in Russia
Cities and countries

10 tallest buildings in Russia

2020
10 successful people whose career began with failure
People

10 successful people whose career began with failure

2020
The most dangerous conflicts of 2018 in the world
Ratings

The most dangerous conflicts of 2018 in the world

2020

Leave Your Comment

Recommended

Top 13 Answers to Questions About Your Motor Accumulator

Top 13 Answers to Questions About Your Motor Accumulator

2020
Rating of the best TVs of 2018 in terms of quality and price

Rating of the best TVs of 2018 in terms of quality and price

2020
20 largest private clinics in Russia, Forbes rating

20 largest private clinics in Russia, Forbes rating

2020
The best heroes of video games, cult characters of all time

The best heroes of video games, cult characters of all time

2020

Popular Categories

  • Information and News
  • Cars
  • Nature
  • The most in the world
  • Medicine
  • Games
  • Movie
  • Technology Reviews and Tests
  • Sport
  • Technics

Recent

Ways to increase car safety (top 6)

World economies ranking 2019, table of world GDP

Rating of the best tablets of 2020: top 12 in price / quality

Top 10 most dangerous YouTube channels

Most popular Russian YouTube videos in 2019

Rating of political influence of the heads of subjects of the Russian Federation

Actual

The best credit and debit cards with cashback 2019
Finance

The best credit and debit cards with cashback 2019

2020

In the modern world, banks are a necessary evil. Most people trust their means to them, although it is not always safer than storing them at home in a glass jar. However, since we allow banks to use our money, you need to get some benefit from this. Having studied the popular rating on ...

Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

The best cars according to gays (Top 10 models)

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Oscar 2020 Nominee List

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Top 3 best hotels of Yalta embankment

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

10 best wired phones for home and office

2020

The best in the world

The best in the world.

Recent

  • The most unusual weapon in the world
  • Top 7 most disgusting perfume ingredients
  • The largest ocean in the world (name, photo, video)

Popular Categories

  • The most in the world
  • People
  • Movie

© 2025 https://efuc.org

  • Nature
  • Coronavirus
  • Articles
  • Information and News
  • Medicine
  • Tourism
  • Cities and countries
  • Sport
  • Food and drink
  • Books

© 2025 https://efuc.org