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Financial Crisis Through History

  • 500 BCE

    Debt Crisis of Athens

    Debt Crisis of Athens
    The city-state of Athens borrowed heavily to finance its wars and public works. However, its economy became stagnant and was unable to repay its debts. This led to a political and economic crisis, and the rise of demagogues like Cleon.
  • 33

    Financial Crisis of the Roman Empire

    Financial Crisis of the Roman Empire
    A financial crisis of the Roman empire. It happened while the emperor Tiberius was in charge, he was most of the time on the island of Capri so everything was chaotic. So, the senators decided to take advantage of the situation and decided to make an enforcement of several laws that require them to not lend at interest and also require them to have their land portfolios dominated by land in Italy. And the sudden enforcement of these laws lead to different economic issues.
  • 1345

    Black Death

    Black Death
    The Black Death pandemic wiped out a large portion of the population of Europe, leading to economic disruption and social upheaval.
  • Tulip Mania

    Tulip Mania
    The Dutch tulip market experienced a speculative bubble, with prices for tulip bulbs skyrocketing and then crashing. The crisis had a significant impact on the Dutch economy and society.
  • South Sea Bubble

    South Sea Bubble
    The South Sea Company was a British trading company that became caught up in speculation and hype, driving up its stock price to unsustainable levels before crashing and causing widespread economic damage.
  • Panic of 1797

    Panic of  1797
    A financial panic in the United States, caused in part by the hoarding of gold and silver by banks and individuals, led to a credit crunch and economic contraction.
  • Panic of 1837

    Panic of 1837
    A financial crisis in the United States, triggered by speculation in land and a decline in cotton prices, led to a banking crisis and a severe economic depression.
  • Long Depression

    Long Depression
    A worldwide economic depression, characterized by deflation and high unemployment, began in Europe and spread to the United States and other parts of the world.
  • Great Depression

    Great Depression
    A severe economic depression, triggered by a stock market crash in the United States, led to widespread unemployment, bank failures, and social unrest. The Great Depression lasted for over a decade and had a significant impact on the global economy and politics.
  • Oil Crisis

    Oil Crisis
    A series of oil price shocks, caused by political instability in the Middle East and increased demand from industrializing nations, led to inflation and economic stagnation in many countries.
  • Global Financial Crisis

    Global Financial Crisis
    A financial crisis, caused by the collapse of the housing bubble and the failure of major financial institutions, led to a severe economic recession and widespread unemployment in many parts of the world.
  • The COVID-19 pandemic

     The COVID-19 pandemic
    A financial crisis caused by a pademic. As governments implement lockdowns and economic activity slows down.