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Lost decade

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a Great Depression originated in the United States, after the stock market crash of October 29 de1929 (known as Black Tuesday, although five days earlier, on October 24, had already produced the Black Thursday), and quickly it spreads to almost every country in the world. impact international trade fell between 50 and 66%. Unemployment in the United States increased 25%, and in some countries reached 33%. 1Ciudades worldwide were hit hard, especially those dependent on heavy industry and construction virtually stopped in many areas The countries began to recover gradually in the mid-1930s, but its negative effects on many countries lasted until the beginning of World War II

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this crisis caused by the Arab-Israeli conflict, transformed the global oil industry, severely impacted the financial accounts of the industrialized countries and disrupted the living standards of its citizens. The embargo lasted only five months consequences: It slowed the pace of economic growth increased inflation and rising unemployment technological innovations were introduced

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European sovereign debt crisis from 2009

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European sovereign debt crisis from 2009

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It arises due to globalization of finance, easier access to credit conditions between 2002 and 2008 that encouraged lending practices high risk, the economic crisis of 2008-2012 imbalances in international trade, the existence of different bubbles real estate attempting to overcome: On May 2, the finance ministers of the eurozone (Eurogroup) approved a credit line of 110,000 million euros to help Greece for three years,   affected countries: Greece, Ireland, Spain, Portugal and Italy

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In early 1997 the fall in export earnings from several countries make their companies do not have as paying their debts abroad. features Government to defend its currency interest rate rises the government sells dollars and buys its currency to defend that of a devaluation. thailand almost ran out of international reserves to defend its currency vain. CONSEQUENCES High interest rates Loss reserves to several countries attending the International Monetary Fund.

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Russia struck August 17, 1998 It began with the devaluation of the Thai currency, which soon had repercussions in other Asian currencies; the liquidity crisis, which did not give the possibility of attracting financial resources to the national economy; and the fall in world commodity prices For Russia oil exports represented the most revenue to the treasury and the falling price of this product had a very strong impact on the economy. Consequences of the 1998 crisis -The Prices rose and living standards fell sharply. -eliminó all ineffective and inefficient elements of the economy giving way to the top. -development of new sectors and segments such as the assembly of various foreign cars on the territory of Russia

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It all started one Monday, October 19 when

thousands of dollars were wiped worldwide affected countries were:

Hong Kong lost a massive 45.8% of its value, the UK lost 26.4%, 41.8% fell

Australia and New Zealand fell a total of 60% of its maximum level. Therefore, a certain degree of mystery about what might happen,

what has been labeled as an event "black swan".

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It was a financial crisis that occurred in the United States when the New York Stock Exchange fell nearly 51% from its peak last year The root causes of panic included a retraction of liquidity in the market by various banks in New York,

a loss of confidence among depositors, exacerbated by the lack of regulation and the absence of a lender of last resort. The panic may have deepened if it had not been for the intervention of JP Morgan

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It occurred because there was an unsustainable level where large amounts of credit and low interest rates occurred as the government attempted to intervene credit became difficult to achieve and as a result was a paralysis of economic expansion affected countries: Japan