Crisis
22 entries
Global Financial Crisis 2008
The worst financial crisis since the Great Depression, triggered by the subprime mortgage market col...
Asian Financial Crisis
A financial crisis that started in Thailand and spread across East Asia. On July 2, 1997, Thailand w...
1991 Indian Economic Crisis
India faced a severe balance of payments crisis in 1991. Foreign exchange reserves fell to just 3 we...
Greek Debt Crisis
A sovereign debt crisis that threatened the eurozone. In October 2009, Greece revealed its budget de...
European Debt Crisis
A multi year crisis that threatened the eurozone. After Greece revealed its massive deficit, attenti...
1973 Oil Crisis
OAPEC proclaimed an oil embargo against nations supporting Israel during the Yom Kippur War. Oil pri...
1979 Oil Crisis
The second oil shock, triggered by the Iranian Revolution. Oil production in Iran collapsed, and pri...
1937 Recession
A sharp economic downturn during the Great Depression, caused by premature fiscal tightening. Presid...
Savings and Loan Crisis
The failure of 1,043 out of 3,234 savings and loan associations in the United States. S and Ls had b...
Eurozone Crisis Detail
The Eurozone crisis lasted from 2010 to 2014. It started with Greece, then spread to Ireland, Portug...
Argentina Default 2001
Argentina defaulted on 93 billion dollars of debt in December 2001, the largest sovereign default in...
Russia Default 1998
Russia defaulted on 40 billion in domestic debt on August 17, 1998. The ruble was devalued from 6 to...
Regional Banking Crisis 2023
A banking crisis that saw the second, third, and fourth largest bank failures in US history. Silicon...
Roman Currency Debasement
The gradual reduction of silver content in Roman coins contributed to economic decline. The denarius...
Mexican Peso Crisis
The Mexican peso crisis, also called the Tequila Crisis, began when Mexico devalued the peso on Dece...
Turkish Currency Crisis
The Turkish lira lost 40 percent of its value against the dollar in 2018. The crisis was caused by P...
Chinese Property Crisis
A crisis in the Chinese real estate sector starting in 2021. Evergrande, Chinas second largest prope...
Hyperinflation in Zimbabwe
Zimbabwe experienced the second worst hyperinflation in history in 2008. Annual inflation reached 89...
Weimar Hyperinflation
In 1923, Germany experienced devastating hyperinflation. The mark fell from 4.2 per dollar in 1914 t...
Venezuelan Hyperinflation
Venezuela experienced hyperinflation starting in 2016, peaking at an estimated 1.7 million percent i...
Hungarian Hyperinflation
Hungary in 1946 experienced the worst hyperinflation in recorded history, surpassing even Zimbabwe. ...
Brazil Currency Crisis
In January 1999, Brazil was forced to devalue the real, triggering a currency crisis. The real lost ...