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Encyclopedia > Economic collapse

An economic collapse is a devastating breakdown of a national, regional, or territorial economy. It is essentially a severe economic depression. In economics, a depression is a term commonly used for a sustained downturn in the economy. ...


A full or near-full economic collapse is often quickly followed by months, years, or even decades of economic depression, social chaos, and civil unrest. Usually this is eventually corrected at least in part by recovery measures implemented by the government, although some economists (i.e. the Austrian School, in particular Ludwig von Mises) believe that often government intervention and over-regulation of the economy can lead to the conditions for collapse. The most obvious of these examples is the 1929 Stock Market Crash, this caused by, according to John Maynard Keynes, a virtual absence of government involvement in the economy or not even creating clearly-defined regulations and enforce them accordingly. During the 1980s, the Eastern Bloc experienced a decade-long period of stagflation, and eventual collapse from which it did not recover, culminating with revolutions and the fall of communist regimes throughout Central and Eastern Europe and eventually in the Soviet Union. In economics, a depression is a term commonly used for a sustained downturn in the economy. ... For other uses, see Chaos (disambiguation). ... Civil disorder is a broad term that is typically used by law enforcement to describe one or more forms of disturbance. ... The Austrian School, also known as the “Vienna School” or the “Psychological School”, is a heterodox school of economic thought that advocates adherence to strict methodological individualism. ... Ludwig Heinrich Edler von Mises (September 29, 1881 – October 10, 1973) (pronounced was a notable economist and a major influence on the modern libertarian movement. ... The Wall Street Crash of 1929, also called the Great Crash or the Crash of 29, is the stock-market crash that occurred in late October, 1929. ... The 1980s refers to the years from 1980 to 1989. ... A map of the Eastern Bloc 1948-1989. ... Stagflation, a portmanteau of the words stagnation and inflation, is a term in general use within modern macroeconomics used to describe a period of out-of-control price inflation combined with slow-to-no output growth, rising unemployment, and eventually recession. ... Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. ... Statistical regions of Europe as delineated by the United Nations (UN definition of Eastern Europe marked red):  Northern Europe  Western Europe  Eastern Europe  Southern Europe Pre-1989 division between the West (grey) and Eastern Bloc (orange) superimposed on current borders: Russia (dark orange), other countries formerly part of the USSR...


See also

The Long Depression (1873 – 1896) affected much of the world from the early 1870s until the mid-1890s and was contemporary with the Second Industrial Revolution. ... For other uses, see The Great Depression (disambiguation). ... A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. ... This is a list of stock market crashes. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ... Reserves of foreign exchange and gold in 2006 A pile of 12. ... For other uses, see Survivalism (disambiguation). ... The Hindenburg Omen is a technical analysis signal that attempts to predict a forthcoming stock market crash. ...

  Results from FactBites:
 
Economic collapse - Wikipedia, the free encyclopedia (177 words)
An economic collapse is a devastating breakdown of a national, regional, or territorial economy.
A full or near-full economic collapse is often quickly followed by months, years, or even decades of economic depression, social chaos, and civil unrest.
During the 1980s, the Eastern Bloc experienced a decade-long period of stagnation, stagflation, and eventual collapse from which it never would recover, culminating with revolutions and the fall of communist regimes throughout Central and Eastern Europe and eventually in the Soviet Union.
economic collapse (979 words)
What at that stage was not realised was that rendition of the critically needed treatment would not be forthcoming, for whilst demonstrating his awareness that the private sector should necessarily be the principal engine of economic growth, he immediately thereafter derailed the engine by removing the tracks.
The collapse of most export operations will exacerbate the lack of foreign exchange which already severely constrains the economy and imposes intense hardships upon most Zimbabweans.
Economic death is now inevitable unless either government matches its new measures with simultaneous, meaningful currency devaluation, followed by further exchange rate adjustments in synergy with inflation, or provides exporters with incentives equating to such devaluations.
  More results at FactBites »

 
 

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