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[Article] Top 10 Worst Financial Crises…till now

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  • Root Admin

A financial crisis is one of the most dreaded buzzwords which is heard or read around the world. Either an economy is facing a recession or even a financial crisis or there is a fear that it may be headed towards one, depending on the several macroeconomic indicators.

Let us look at top 10  worst global financial crisis the world has faced so far:

#1. The Tulip Mania of 1634

#3. The Panic of 1797

#5. The great depression 1929

#7. The oil crisis of 1973

#8. The Asian Financial Crisis of 1997

#10. Great Recession of 2007 – 2008

#11. The Mother of All Recessions – 2020 [Bonus 😲]

Read the full article here: https://ten.info/worst-financial-crises/

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Here are top 5 financial crisis.

  1. The Credit Crisis of 1772. Boston Tea PartyIllustration of the Boston Tea Party. 
  2. The Great Depression of 1929–39. 
  3. The OPEC Oil Price Shock of 1973. 
  4. The Asian Crisis of 1997. 
  5. The Financial Crisis of 2007–08.
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  • Dennis#MD featured and unfeatured this topic
  • 2 weeks later...

Most recently, I read an article that crises are an absolutely natural phenomenon, which is necessary to eliminate inactive business and economic models and to make something new come true. It seems to me that it makes sense. 

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  • 4 months later...
  • 3 weeks later...

Financial crisis is the most dangerous thing ever that normally threaeten the global market whenever it occurs. Most businesses normally collapse and may take a long duration to come back to normal. Some even rich a level beyond recovery. The worst financial crisis that affected many nations for a long time, was the oil production crisis.

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