In the history of the world economy, the 9 most famous financial crises. Financial crises refer to crises in financial assets, financial institutions, and financial markets. They are often accompanied by a large number of bankruptcies and the unemployment rate increases. Since th

In the history of the world economy, the 9 most famous financial crises

Financial crises refer to crises in financial assets, financial institutions, and financial markets. They are often accompanied by a large number of bankruptcies, an increase in unemployment rate, a general social depression, and sometimes even accompanied by social turmoil or national political turmoil.

Since the 17th century, nine financial crises with huge impacts and far-reaching impacts have occurred around the world. When these crises occur, they have caused great chaos in the operation of the society and economy and have had a profound impact on future generations.

First: In 1637, the Dutch tulip crisis

Second: In 1720, the British South China Sea bubble incident

Third: In 1837, the US financial panic

Fourth: In 1907, the US banking crisis

Fifth: In 1929, the US stock market crashed

Fifth: In 1929, the US stock market crashed

The sixth time: In 1987, the Black Monday

The seventh time: 1994-1995, the Mexico Financial Crisis

The eighth time: In 1997, the Asian financial crisis

The ninth time: 2007-2009, the US subprime mortgage crisis