Introduction
If the Financial Crisis has put you into a dilemma of knowing about it in bits and pieces, read this article for getting yourself well-versed with it.
Here in this article, the main reasons that led to the Great Financial Crisis of 2008 are explained and what devastating effects it had on the economy. How the background and the factors developed over time which ultimately resulted in a catastrophe.
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An artist, writer, storyteller too and Entrepreneur. Founder of Formaculture, a young community for young ideas and socio entrepreneur, a science student with a finance community - WEALTHONOMY.
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Financial crisis examples
- The Stock Crash of 1929. On Oct. 24, 1929, share prices collapsed after a period of wild speculation and borrowing to buy shares. It led to the Great Depression, which was felt worldwide. One trigger of the crash was a drastic oversupply of commodity crops, which led to a ...
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