When economies crash: the world's worst financial crises
Historical financial collapses that changed history
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Financial market failures have been been with us for as long as there has been a market. These economic downturns can be attributed to various factors, things such as a declaration of war, the end of a war, bad loans, or simply by the natural course of events. Despite efforts to combat them, market failures persist and seem unlikely to be completely eliminated anytime soon. Some recessions are fleeting and insignificant enough to fade from public memory within a few years. Others however, the Great Depression for example, or the market crash of 2008, have left a lasting impact on global cultures and societies.
Explore further to discover the most severe financial collapses in history.
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