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Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
British credit crisis of 1772–1773 – started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce, and Down. War of American Independence Financing Crisis (1776) (United States) – The French monarchy went deeply into debt to finance its 1.4 billion livre support for the colonial rebels; Spain invested 700 ...
This occurred following recent disputes in the three-party coalition government over the country's economic policies and ongoing tensions within the coalition. Lindner's dismissal caused the collapse of the coalition, as the FDP moved into the opposition, leaving a two-party minority government of SPD and The Greens.
The scars are still raw five years after one of the worst financial crises in modern memory came to an end. Ever since the Dow Jones Industrial Average bottomed out in 2009, investors have been ...
France's government collapsed Wednesday after Prime Minister Michel Barnier was forced out in a no-confidence vote in Parliament, reigniting a summertime political crisis for the country as it ...
The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
The collapse of all other societies in the Eastern Mediterranean disrupted established trade routes and caused widespread economic depression. Government workers became underpaid, which resulted in the first labor strike in recorded history and undermined royal authority. [52]
The collapse of Germany's government could have a silver lining for the euro zone's ailing economy with potentially higher spending likely to support its currency and stock markets, even if the ...