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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 ...
The collapse of Lehman Brothers is often cited as both the culmination of the subprime mortgage crisis, and the catalyst for the Great Recession in the United States. The TED spread, an indicator of perceived credit risk in the general economy, increased significantly during the financial crisis. It spiked up in July 2007, remained volatile for ...
Panic of 1847: a collapse of British financial markets associated with the end of the 1840s railway boom. Also see Bank Charter Act of 1844. Panic of 1857: pervasive USA economic recession with bank failures. The world economy was also more interconnected by the 1850s, which also made the Panic of 1857 the first worldwide economic crisis. [52]
"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years.
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 ...
Falling birth rates have put major global economies on the path toward "population collapse," according to a report from McKinsey Global Institute. By 2100, some counties could see their ...
The Institute of International Finance (IIF) stated in March 2019 that "Venezuela's economic collapse is among the world's worst in recent history". [140] A chief economist of the IIF said the crisis resulted from "policy decisions, economic mismanagement, and political turmoil", saying it is on a scale that "one would only expect from extreme ...
Russia's economy is facing a "moment of truth" as high inflation, an ailing private sector, and critical shortages are poised to constrain Vladimir Putin's war on Ukraine, according to economist ...