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History of the nine major financial crises are how to happen

highestrebateforex Forex rebate for youce the 17th century, the global scope of nine cashback forex crises occurred in a huge range of far-reaching impact, these crises occurred when the socio-economic operation caused great chaos, getforexrebate had a far-reaching impact on future generations I. 1637 Dutch tulip crisis In 1593, a Dutch businessman Gerner from Turkey imported the first tulip, because this flower is imported goods, so the possession of tulip flowers will become a symbol of the rich At first only tulip connoisseurs know how to appreciate the beauty of tulips, but after the formation of the trend, speculators will take advantage of the speculation, as long as you buy today, tomorrow you can earn a buy more people, the trading Forexrebateforyou has been formed, trading places are gradually lively 1634 In 1634, the craze to buy tulips spread to the middle class, more spread to the national movement, everyone to buy and sell tulips, speculators only see buy low sell high, profits come in, so all people have become tulip speculators 1000 rebateforexindonesia.S. dollars a tulip roots, less than a month later, it became 20,000 U.S. dollars By 1636, tulips in Amsterdam and Rotterdam Stock market listing at this time, a tulip root selling price equivalent to todays $76,000, more expensive than a car This is the famous tulip root bubble At this time, the Dutch government began to take action to brake, and the tulips shipped from Turkey also arrived in large numbers, tulips are no longer so rare, so an instant tulip prices to decline, within six weeks fell surprisingly 90%, the Dutch government declared this event as a gambling event, ending this crazy tulip bubble event This is the first recorded economic bubble event in history Second, the 1720 British South Sea Bubble event South Sea Bubble event (SouthSeaBubble) is an economic bubble that occurred between the spring and autumn of 1720 in the United Kingdom. The incident originated from the South Sea Company (SouthSeaCompany), the South Sea Company in 1711 when the war of the Spanish succession was still underway, it is ostensibly a franchise company specializing in trade between Britain and South America and other places, but in fact is a private institution to help the government financing, share the debt owed by the government because of the war South Sea Company in the exaggerated business prospects and In 1720, the South Sea Company even through the bribery of the government, to Parliament launched the South Sea shares in exchange for national debt plan, prompting the South Sea Company shares were greatly sought after, the share price from the original early 1720 about 120 pounds rose sharply to more than 1,000 pounds in July of the same year, the entire population crazy speculation  However, the market then appeared many bubble companies The market then emerged many bubble companies, trying to take advantage of the rising share price of the South Seas at the same time a share of the pie to regulate the emergence of these unscrupulous companies, Parliament passed the Bubble Act in June, the speculative boom then receded, and incidentally triggered a sharp fall in the share price of the South Seas Company, to September plummeted back to the level of less than 190 pounds, many people lost their money, even the famous physicist Sir Isaac Newton also lost money out of the field The South Seas bubble incident made the public to the government integrity bankruptcy, a number of Tory officials stepped down or questioned because of the incident; on the contrary, Whig politician Robert Walpole successfully cleaned up the chaos in the incident, helped to make compensation to the stockholders, so that the economy returned to normal, thus gaining real power in the government in 1721, and was later described as the first prime minister in British history, after which the Whigs replaced the Tories and dominated the political situation in Britain for a long time III. 1837 U.S. financial panic the early 19th century U.S. federal government did not have its own central bank, and therefore did not issue paper money the Second United States Bank was authorized by Congress in 1816 to establish, it created a unified national currency, once became the largest and best issuer of banknotes in the United States, created a single exchange rate, etc. It is strong, its capital than the U.S. government It was so powerful that it had more than twice the capital of the U.S. governments coffers, owned 20 percent of the nations money in circulation, had 29 branches in the states, and controlled state finances Considering that many state banks were rushed into legislation, poorly run, generally undercapitalized, poorly regulated, and overly optimistic about the future, the Second United States Bank maintained its own stability by refusing to accept notes from banks it considered poorly run which weakened Public confidence in the Second United States Bank In 1829, Jackson was elected president of the United States, and he believed that the credit problems of the Second United States Bank were affecting the development of the U.S. economy Jackson decided to close the Second United States Bank As part of a strategy to destroy the United States Bank, Jackson withdrew government deposits from the bank and placed them in state banks instead, not realizing that the crisis would arise  nbsp;Because of the increased deposit base, state banks that do not pay attention to credit policies can issue more bank notes and more loans secured by real estate, which is one of the most illiquid of all investments In this way, the policy implemented by President Jackson, who hated speculation and paper money, unexpectedly triggered the first huge speculative bubble caused by paper money in the United States & nbsp nbsp;This panic brought about by the economic depression has lasted until 1843 panic is the reason is multifaceted: the transfer of precious metals from the federal government to the state banks, scattered reserves, hindering the centralized management; pressure on the part of the Bank of England; the lack of mechanisms to stabilize the U.S. economy caused by the scattering of reserves, etc. Fourth, the 1907 U.S. banking crisis 1907 U.S. banking speculation is prevalent, about half of the bank loans in New York are high interest returns on trust investment companies as collateral to invest in high-risk stock market and bonds, the entire financial market into an extremely speculative state October of that year, the third largest U.S. trust company KnickerbockerTrust (KnickerbockerTrust) to borrow heavily, in the stock market to buy United Copper Company (UnitedCopper) stock, but the failure of this move, triggered a big panic on Wall Street and rumors about Knickerbockers imminent bankruptcy led to a mad run on the banks customers, and triggered a financial crisis on Wall Street banks demanded to take back loans, the stock price fell to the ground John Pierpont Morgan, then president of the J.P. Morgan Consortium, jointly with other banks to raise liquidity, only make the market back to calm soon, the U.S. Secretary of the Treasury George Cortelyou announced that the government used $ 35 million in funds to participate in the bailout subsequently, the market returned to normal This bailout led to the birth of the U.S. Federal Reserve System in 1914, the stability of the financial system to enhance V. 1929 U.S. stock market crash In October 1929, the U.S. New York market appeared A wave of stock sales, stock prices fell sharply By October 24, the country was surrounded by rumors causing financial instability, terrified investors ordered brokers to sell stocks, leading to the collapse of the U.S. stock market On October 29, all the people in the New York Stock Exchange were caught in a whirlpool of stock sales stock indexes plummeted from a previous high of 363 to an average of 40% This was the darkest day in the history of U.S. securities, the most influential and damaging economic event in U.S. history, the impact of which spread throughout the world Thereafter, the United States and the world entered a decade-long period of economic depression triggered the Great Crash of the U.S. stock market in September-October 1929, described by those who came after as the day that slaughtered millionaires and ate up the future  In the four years following the crisis, the U.S. gross domestic product fell by 30 percent, investment fell by 80 percent, and 15 million people lost their jobs Six, the 1987 Black Monday that swept the global stock market Monday, October 19, 1987, the U.S. stock market saw a stunning decline and triggered the rest of the worlds stock markets to follow suit The Dow Jones Industrial Stock Average Index plunged 508 points, down 22 percent, and the total value of stocks lost in one day was a dizzying double the total value lost in the Wall Street crash of 1929 In the chaos, more than $600 million worth of stocks were sold off The shock in the New York stock market also caused chaos in Tokyo and London Londons FT index slipped 25O points, threatening the governments The privatization process of the Nikkei fell 202.32 points to close at 9097.56 points, down 2.18% Many people were surprised after the crash because there was no news or news at all against the stock market that day, so the decline did not seem to have a real cause, making many people at the time suspect a herd mentality, market failure ( efficientmarkethypothesis) or economic imbalance caused by the crash, which is still being debated seven, the 1995 Mexican financial crisis late at night on December 19, 1994, the Mexican government suddenly announced that the national currency peso devalued by 15% This decision caused great panic in the market foreign investors frantically selling pesos The peso exchange rate fell sharply on December 20, the exchange rate fell from the initial 3.47 pesos to l dollars to 3.925 pesos to l dollars, a 13% drop on the 21st fell 15.3% along with the devaluation of the peso, foreign investors withdrew a large number of funds, Mexicos foreign exchange reserves in the 20th to 21st two days plummeted nearly $4 billion Mexicos entire Financial markets are in chaos from 20 to 22, just three days, the Mexican peso to the dollar exchange rate plummeted 42.17%, which is extremely rare in modern financial history Mexico absorbed foreign investment, about 70% is speculative short-term portfolio investment capital outflow for the Mexican stock market as the bottom of the barrel, the Mexican stock market should fall  nbsp;December 30, Mexico IPC index fell 6.26% January 10, 1995 is a wild fall of 11% To March 3, the Mexican stock market IPC index has fallen to 1500 points, than the 1994 financial crisis before the highest point 2881.17 points has fallen 47.94%, the stock market fell more than the devaluation of the peso range This financial crisis shocked the world, the harm is great, far-reaching Eight, 1997 Asian financial crisis July 2, 1997, Thailand announced the abandonment of the fixed exchange rate system, the implementation of a floating exchange rate system, triggering a financial storm throughout Southeast Asia on the day, the Thai baht exchange rate to the U.S. dollar fell 17%, foreign exchange and other financial markets a chaos  nbsp;Under the influence of the Thai baht fluctuations, the Philippine peso, the Indonesian rupiah, the Malaysian ringgit has become the object of attack by international speculators In August, Malaysia abandoned its efforts to defend the ringgit has always been strong Singapore dollar has also been impacted Indonesia, although it is the latest country affected by the infection, but the most serious impact In late October, international speculators moved to the international financial center of Hong Kong, pointing directly at the Hong Kong linked exchange rate system Taiwan authorities suddenly abandoned the New Taiwan dollar exchange rate, a one-day devaluation of 3.46%, increasing the pressure on the Hong Kong dollar and the Hong Kong stock market October 23, Hong Kong Hang Seng Index plunged 1,211.47 points; 28, down 1,621.80 points, falling below the 9,000-point mark in the face of the fierce attack of international financial speculators, the Hong Kong SAR Government reiterated that it would not change the current exchange rate system, the Hang Seng Index rose, and then on the 10,000-point mark Then, in mid-November, East Asias South Korea also broke out in the financial turmoil, 17, the Korean won to the U.S. dollar exchange rate fell to a record 1008121, the South Korean government had to ask the International Monetary Fund for help, temporarily controlling the crisis but by December 13, the Korean won to the U.S. dollar exchange rate fell again to 1737.601 The Korean won crisis also hit the Japanese financial sector, which has a large investment in Korea, in the second half of 1997 a series of Japanese banks and securities companies went bankrupt in succession The Southeast Asian financial turmoil evolved into the Asian financial crisis The Southeast Asian financial crisis put the Japanese economy, which is closely related to it, in trouble The yen exchange rate fell from 115 yen to the dollar at the end of June 1997 fell to 133 yen to the dollar in early April 1998; May, June, the yen exchange rate all the way down, once close to 150 yen to the dollar mark with the yens sharp depreciation, the international financial situation is more uncertain, the Asian financial crisis continued to deepen this crisis has lasted until 1999 to end Nine, 2007 to 2011: the U.S. subprime mortgage crisis and the global Financial crisis U.S. subprime mortgage crisis (subprimecrisis), also known as the subprime mortgage crisis, also translated as subprime debt crisis it refers to a occurrence in the United States, due to the bankruptcy of subprime mortgage institutions, investment funds were forced to close, the stock market violent shock caused by the financial turmoil U.S. subprime mortgage crisis from the spring of 2006 (c) began to gradually appear in the In the five years before 2006, due to the continued prosperity of the U.S. housing market, coupled with the low level of interest rates in the United States in previous years, the U.S. subprime mortgage market developed rapidly with the cooling of the U.S. housing market, especially the increase in short-term interest rates, subprime mortgage repayment rates also rose sharply, the burden of repayment of home buyers greatly increased at the same time, the continued cooling of the housing market also makes home buyers sell their homes or through mortgage housing Refinancing became difficult This situation directly led to large batches of borrowers who could not repay their loans on time, banks repossessed homes, but could not sell them at a high price, a large loss, triggering the subprime mortgage crisis In August 2007 the subprime mortgage crisis swept through the United States, the European Union and Japan and other major financial markets in the world This crisis led to the collapse of companies and institutions that had invested excessively in subprime financial derivatives, and In the global scope triggered a severe credit crunch The U.S. subprime mortgage crisis eventually triggered a global financial crisis in September 2008, the bankruptcy of Lehman Brothers and Merrill Lynch was acquired marked the full outbreak of the financial crisis With the virtual economy disaster to the real economy spread, the worlds economic growth slowed down, unemployment rates surged, some countries began to experience a serious economic recession  January 10, 2011, the Bank for International Settlements in Basel held a bimonthly meeting of member central bank governors and the global economic conference, analysis of the global economic situation global economic conference chairman of the European Central Bank President Trichet said that the world economy has come out of the shadow of the crisis, the global economic recovery has been established

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