Search results
Results from the WOW.Com Content Network
A continuous buildup of toxic assets in the form of subprime mortgages purchased by Lehman Brothers ultimately led to the firm's bankruptcy in September 2008. 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.
This can be illustrated by the index of total industrial production, which increased from 4.29 in 1790 to 1,975.00 in 1913, an increase of 460 times (base year 1850 – 100). [5] American colonies gained independence in 1783 just as profound changes in industrial production and coordination were beginning to shift production from artisans to ...
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 ...
Production of passenger cars dropped from 1,470,000 units in 2008 to just 597,000 units in 2009. Lorry production fell from 256,000 to 91,000 in the same period. [45] In late 2008, the Russian government introduced protectionistic measures, worth $5 billion, to improve the situation in the industry.
The corporate debt bubble is the large increase in corporate bonds, excluding that of financial institutions, following the financial crisis of 2007–08.Global corporate debt rose from 84% of gross world product in 2009 to 92% in 2019, or about $72 trillion.
In these crises, a great part not only of existing production, but also of previously created productive forces, are periodically destroyed. In these crises, there breaks out an epidemic that, in all earlier epochs, would have seemed an absurdity – the epidemic of over-production.
Adox was a German camera and film brand of Fotowerke Dr. C. Schleussner GmbH of Frankfurt am Main, the world's first photographic materials manufacturer. In the 1950s it launched its revolutionary thin layer sharp black and white kb 14 and 17 films, referred to by US distributors as the 'German wonder film'. [1]
Farm households also were engaged in handicraft production, mostly for home consumption, but with some goods sold, mainly gold. [5] The market economy was based on extracting and processing natural resources and agricultural products for local consumption, such as mining, gristmills and sawmills, and the export of agricultural products. The ...