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1184 BCE
The troyan horse
Causes the cause was that the troyan empire decided to evade greece and take the lead and land plus the power this caused a great defficiency in the economy and in the coin because greece being one of the mayor empires with a big role in economy and it's riches and land being conquered cause it's deficiency consequences the consequences of this made the value of the coin go down a unequal economy and many deficiencies that cause them to fall too -
Period: to
the great depression
Causes
with distribution of riches was so unequal this cause a lot of people to start investing with borrowed money without the rigth knowledge causing the fall of the economy Consequences The consequences of this event let million of people poor or without money in within 3 days. This economy fall cause a big damage in the economy and in many parts of the world because and USA being one of the mayor productor of goods and rigths it affected many bussnies around the world -
The oil crisis
causes
in 1973 to carry out an oil embargo on Western nations was an act of retaliation against countries that supported Israel in the Yom Kippur War consequences This punitive measure caused an increase in oil prices and consequently a sharp increase in inflation.
and other things that occur was the increase amount of unemployment and low economic growth -
The crisis of the 80's debt
cause the increase of the cost in crude oil in the 70's made a large financial surplus in the form of petrodollars, which were converted into loans to developing countries, mainly Latin American consequences however this sudden increase in interest rates in the United States and the world in the early 1980s caused the debtor countries to find themselves on the verge of defaulting on payments. -
The vodka crisis
causes
with the asian economic crisis hitting russia due to the decline in world prices of raw materials such as oil, natural gas, metals and timber which made the 80% of russia consequences first of all it let the country vulnerable to fluctuations in world prices, which resulted in a huge devaluation of the ruble and a impact on that country's debt (particularly GKOs, short-term government bonds) -
The samba crisis
Cause the economic crisis in russia also infected brasil with it economic deficiency cause of this cause its economy was rapidly deteriorating as financial turbulence intensified in international financial markets due to problems in Russia consequences so because of this this made the Brazilian interest rates rose more than 30% annually, so the high internal debt increased even more -
Period: to
the tango crisis
cause The Argentine economy was affected by the crisis in Brazil, which was its main trading partner in 2001 making the South American country faced a continuous contraction until entering a recession consequences This plunged wages, unleashed food looting and saw five presidents out in three weeks. The Tango Effect consisted of Argentina's possible declaration of its inability to meet debt service payments and the contagion of its situation to other Latin American countries. -
global economic crisis
Cause It was the result of the collapse of the housing bubble in the United States, which in 2007 caused the so-called subprime mortgage crisis. consequences la crisis hipotecaria comenzaron contagiando al sistema financiero internacional con las quiebras de los bancos de inversión Lehman Brothers y Bear Stearns, y el desplome de los principales mercados accionarios del mundo. -
PIIGS
cause the fall of Lehman Brothers, there are also those who saw the problem of these economies in their budget deficit, derived from a policy of imbalances in the spending of each nation
consequences the result of a decade of excessive debt fueled by the Keynesian policies pursued by local policy makers and the complacent central bankers of the European Union -
The downfall of economy because of COVID
Causes
it started because of a new virus called covid 19 that was new to humanity with risk of killing or making a person very ill this cause a pandemic situation Consequences
this lock down cause many people that had bussnis a economic crisis becuase they couldn't sell their goods or services to the public