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This is my video explain the oil crisis

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the shock collapse of the Lehman Brothers Bank, which held assets worth $600 billion, became the symbolic start of the most dramatic financial crisis since the Great Depression.Are many reasons for this causes but I think that the principal reason was a deregulated financial sector with unsustainable levels of debt in both public and private sectors.

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Dot-com innovators and investors were trying to keep pace with our forward thinking—until the crash of 2001 brought everything to a screeching halt.

In 2013, a second high-tech surge is upon us, fueled partially by the growing adoption of cloud services, accompanying mobile technologies and, last but not least, the social media revolution.

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Investors poured money into several emerging Asian economies, driving up asset prices to unsustainable levels and eventually causing a crash.

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Crude oil costs rose while production was cut, specifically to the U.S. and the Netherlands. This happend a reason for a war between Syria and Egypt against Israel.

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billions of dollars were wiped from stock markets across the globe. Hong Kong lost a massive 45.8% of its value, the United Kingdom lost 26.4%, Australia dropped 41.8%, and New Zealand dropped a full 60% from its peak.

A fall in share prices was amplifiedby automated trading systems and portafolio-insurence schemes, cuasing markets around the world to plummet.

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A total of 1,350 banks failed in 1930 in USA. There were banking panics in Austria and Germany.

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was marked by the Wall Street Crash, which remains the single most devastating crash in U.S. stock market history.

Black Tuesday: a ot of millioners but also the market became a hobby for many ignorant investors.

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The increase, from 3.5% to 5%, was too small to blunt the market rally: share prices soared until September 1929.

By late summer industrial production was falling at an annualised rate of 45%.

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was the longest and most severe

depression in global economic history.

Banks looked good, too.

The combined balance-sheets of America’s 25,000 lenders stood at $60 billion.

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By 1907 America had 22,000 banks

—one for every 4,000 people.

In most towns, there was

a choice of local banks or

state-owned lenders.

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By introducing a new type of currency

in 1923, the Rentenmark, followed by

the Reichmark in 1924, Germany did

eventually regain control of its runaway

inflation. But this period almost certainly

proved to be crucial in the rise of

National Socialism and all its

terrible consequences.

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In 1914, the exchange rate between

the U.S. dollar and the German Mark

was about 1 to 4. By 1923, the rate

had mushroomed to $1 to 1 trillion

Marks.