Home > Blossary: Financial Crisis
A situation in which the value of financial institutions or assets drops rapidly. A financial crisis is often associated with a panic or a run on the banks, in which investors sell off assets or withdraw money from savings accounts with the expectation that the value of those assets will drop if they remain at a financial institution.

Category: Business

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Created by: dnatalia

Number of Blossarys: 60

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It happened in the 19 of October 1987, when Dow Jones Industrial Average (DJIA)'s value dropped by 22.6% ( around USD 500 million) just in one day. It was the largest one-day market crash in ...

Domain: Financial services; Category: General Finance

It refers to the 16 September of 1992, when the British government was forced to withdraw British pounds from the European Exchange Rate Mechanism (ERM),due to their inability to keep the pound above ...

Domain: Financial services; Category: General Finance

The dot-com bubble was a stock market bubble that popped to near-devastating effect in 2001. It was powered by the rise of Internet sites and the tech industry in general, and many of these companies ...

Domain: Financial services; Category: General Finance

Its all started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in ...

Domain: Financial services; Category: General Finance

An economic recession that began on October 29, 1929, following the crash of the U.S. stock market. The Great Depression originated in the United States, but quickly spread to Europe and the rest of ...

Domain: Financial services; Category: General Finance

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