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1930s Financial Crisis

Satisfactory Essays

The world economy has faced two major financial crises in its time and their effects are still rippling through the world economy till now. The Great Depression of 1930s had a worldwide economic crisis effect that led to a widespread unemployment, a halt in industrial production and construction and a decline in stock prices. The world economy barely came out of the effects of the Great Depression and was performing fairly well when it again faced another financial crisis of the 2000s.

To classify root causes as to why financial crisis occur, one needs to go follow a systematic approach to this problematic situation. Be it human related failures or bank regulators failures, the financial crisis was unavoidable considering the ongoing circumstances.

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