Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

Financial Crises History

20

Flashcards

0/20

Still learning
StarStarStarStar

Nordic Banking Crisis (early 1990s)

StarStarStarStar

A crisis where banking systems in Sweden, Finland, and Norway collapsed leading to nationalization and/or government bailouts due to a real estate and financial bubble.

StarStarStarStar

Oil Crisis (1973)

StarStarStarStar

Following the Yom Kippur War, OAPEC proclaimed an oil embargo, leading to high oil prices and causing a stock market crash and stagflation in many countries.

StarStarStarStar

Dot-com Bubble (2000)

StarStarStarStar

An excessive speculative bubble where the excessive investment in Internet-based companies led to a stock market crash when it burst.

StarStarStarStar

Junk Bond Crisis (1989)

StarStarStarStar

Arising from the collapse of the junk bond market in the United States, this crisis led to the bankruptcy of several firms and a slowdown in LBO activity.

StarStarStarStar

Turkish Economic Crisis (2001)

StarStarStarStar

A crisis precipitated by a mix of fiscal deficits, high inflation, and a government decision to float the currency, resulting in severe banking failures and economic contraction.

StarStarStarStar

Banking Crisis of the Great Depression (1930s)

StarStarStarStar

Characterized by a wave of banking panics, these crises led to a catastrophic decrease in bank lending and collapse of many banks during the Great Depression.

StarStarStarStar

Global Financial Crisis (2007-2008)

StarStarStarStar

Originating in the USA from the subprime mortgage market collapse, this crisis resulted in a severe global financial downturn and the European sovereign debt crisis.

StarStarStarStar

Savings and Loan Crisis (1980s-1990s)

StarStarStarStar

A series of banking failures in the United States that led to a severe financial crisis in the Savings and Loan industry, ultimately costing taxpayers billions.

StarStarStarStar

The Great Depression (1929)

StarStarStarStar

A severe worldwide economic depression initiated by the US stock market crash of 1929, exacerbated by bank failures, and reduction in purchasing.

StarStarStarStar

Mexican Peso Crisis (1994-1995)

StarStarStarStar

Caused by political turmoil and a fixed exchange rate policy, the crisis saw a rapid devaluation of the Mexican Peso and required a US-backed bailout.

StarStarStarStar

Black Monday (1987)

StarStarStarStar

A sudden, severe, and largely unexpected stock market crash that occurred on October 19, 1987, with the Dow Jones Industrial Average falling by 22% in a single day.

StarStarStarStar

Argentine Economic Crisis (1999-2002)

StarStarStarStar

Triggered by a currency board regime and external shocks, Argentina faced a severe recession, defaulting on its debt, and experiencing massive social unrest.

StarStarStarStar

Tulip Mania (1637)

StarStarStarStar

Considered to be the first recorded economic bubble, Tulip Mania occurred in the Dutch Republic when speculators drove tulip bulb prices to extremes, before prices dramatically collapsed.

StarStarStarStar

European Sovereign Debt Crisis (2010)

StarStarStarStar

A crisis in which several European countries faced the collapse of financial institutions, high government debt, and rapidly rising bond yield spreads.

StarStarStarStar

Latin American Debt Crisis (1980s)

StarStarStarStar

During the 1980s, Latin American countries, unable to pay back substantial foreign debts, experienced severe economic stagnation, inflation, and poverty.

StarStarStarStar

Panic of 1907

StarStarStarStar

A financial crisis that took place in the United States when the New York Stock Exchange fell almost 50% from its peak the previous year, leading to bankruptcy and economic depression.

StarStarStarStar

Lebanese Financial Crisis (2020-onward)

StarStarStarStar

An ongoing financial crisis caused by state-level corruption, economic mismanagement, and the unsustainable accumulation of debt, leading to currency collapse and hyperinflation.

StarStarStarStar

South Sea Bubble (1720)

StarStarStarStar

The South Sea Company in Britain granted a monopoly to trade in the South Seas, resulting in rampant speculation before collapsing, devastating the economy.

StarStarStarStar

Asian Financial Crisis (1997)

StarStarStarStar

Resulting from a lack of foreign currency to pay debts, multiple Asian countries saw their currencies fall, leading to financial contagion and a regional economic crisis.

StarStarStarStar

Russian Financial Crisis (1998)

StarStarStarStar

Due to a decline in productivity, economic mismanagement, and a fixed currency rate, Russia eventually defaulted on its debt leading to the devaluation of the Ruble.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.