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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 ...
Panic of 1825: pervasive British economic recession in which many British banks failed, and the Bank of England nearly failed. Panic of 1837: pervasive USA economic recession with bank failures; a 5-year depression ensued. Panic of 1847: a collapse of British financial markets associated with the end of the 1840s railway boom.
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 ...
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. It is often understood in economics that economic crisis and the following recession that may be named economic depression are part of economic cycles where the slowdown of the economy follows the economic growth and vice versa.
Panic of 1901, a U.S. economic recession that started a fight for financial control of the Northern Pacific Railway; Panic of 1907, a U.S. economic recession with bank failures; Shōwa Financial Crisis, a 1927 Japanese financial panic that resulted in mass bank failures across the Empire of Japan.
The Great Depression, along with the resulting economic policies from the colonial government, worsened already deteriorating Indo-British relations. When the first general elections were held as stipulated in the Government of India Act 1935 , anti-British feelings resulted in the pro-independence Indian National Congress winning in most ...
The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.