from the past and any present mistakes of the Spain economy, and its outputgoes through difficult and take concrete action.

The Spanish Crisis of 2008 was a result of many past mistakes and errors present in the Spanish economy and its output goes to take difficult and concrete measures.

The Spanish government says the world who are in an international crisis, caused by the mortgages in the US, domestic problems, impaired productivity and reliance on solid energy like oil, adversely affecting the Spanish in their main productive sectors (construction, tourism and automotive)

The Black Thursday crash of the exchange on october 24,1929, and the sell-off panic wich started. One often blamed for participating The Great Depression.

People haden't money to pay, bank obligations.

Voice to voice, behind people was a principal cause to Wall Street crash.

The main cause of the fell of the the rate values,was purchased trought in credits and loanes. When the marked began to fall into. The investors, who had purchased shares credit hoping to make money didn't have to paying banks.

That produced many consecuences:

° Financial crisis by the hight rate and borrowing.

° Industrial and commercial crisis.

° Poplitical changes

° Decrease in demand

Argentina hasn't a political force to guide to the proper development, social and political.

Consecuenses

° Establishment a conversion system to currency to dollar.

°Those restrictions, the goverment capacity to issue currency and bank notes.

°The privatization of Stete Enterprises, that was the Argentina crisis in 2001.

°The soolution from goverment was freezing bank accounts, investors occasionally take out their money.

Lose of these value the money and purchasing power, by the issuance of paper money by goverment, to pay war debts.Meant that the goods and services of first necessity to rise in price in a matter of weeks, making it impossible to save the family.