Economic crisis

The economic Crise is characterized by a deep reversal of the economic situation of a country, a nation or a more important geographical area. An economic crisis often begin with a Krach, but its repercussions are broader: the period of recession then committed often results in a rise of unemployment, many bankruptcies, social strains and often by falls of wages and purchasing power.

A light form is the recession, a major form is the depression

The theory of the business cycles integrates the economic crisis like a recurring event of the economic history. At the XXe century, the history was marked by 3 major economic crises.

The economic crises appear everywhere where a Autorégulation is lacking. The currency, excel regulating of the companies rural or wandering, does not play any more regulating role - and even a factor of instability constitutes - in a company where the fixed overhead standing prevail. It is the case in particular immaterial investments (in particular studies and development).

List crises

See also: List of the monetary and financial crises

1929 : Great American depression (Europe in 1931 will affect)
1973 and 1979: two oil crises
1993: crisis of the EMS (European Monetary System)
1994: Mexican Economic crisis (caused by a Devaluation of the Mexican Peso)
1997: Asian Economic crisis (Southeast Asia)
1998: Russian Financial crisis of 1998
1998 - 2002: Argentinian Economic crisis
2002: Turkish crisis (devaluation of the Turkish lira)

See too

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