10 famous examples of economic collapse

10 famous examples of economic collapse

While it is important to meet certain economists and their works, for example Keynes, Hayek, Marx or Friedman, it is also worth taking some time to investigate what happens to  global and local economies  when there is an economic collapse or other form of failure. From the market.

Although there have been a number of events in recent times, with the  financial crisis of 2008  perhaps the most mentioned, economic collapses  are not a phenomenon of the 20th and 21st centuries. For example, there were a series of speculative crashes and  bubbles  in the 17th and 18th centuries, such as:

  • The  tulip mania  in the Netherlands in the seventeenth century.
  • The  Mississippi Bubble  of  the 18th Century.
  • The  French Revolution of 1789 .

If you spend some time researching these crises, you may start to see some similarities or patterns in  why economic collapses occur  and how they can be resolved to bring countries back to economic growth.

One of the most famous economic collapses was the Great Depression, which was triggered by the Wall Street Crash in 1929. Sending the world into years of  global recession, the collapse has been well documented and widely discussed, so there is a lot of relevant material. and interesting on the subject if you want more information.

Of course, you can also get in touch with a Superprof teacher, who can teach you the main economic collapses in more detail and tell you interesting anecdotes and facts that you can  quote in your next essay  or exam.

major financial crises
The Crac of 29 was the beginning of the Great Depression. 10 famous examples of economic collapse

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