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What did severe drought stock speculation and banking crises lead to?
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Asked in Example Sentences
What are two example sentences for the plural of crisis?
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A severe drought in a grassland will reduce the number of consumers in the entire energy pyramid Why?
Asked in Natural Disasters
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Asked in South Africa, Drought
Is there drought in South Africa?
Asked in Antelope
What effect would a severe drought have on the population of antelope?
Asked in Rain and Flooding, Tornadoes, Australia
What was the severe drought from Texas to North Dakota in the 30's called?
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Asked in Meteorology and Weather
What is a pronlonged period of greatly reduce precipitation?
Asked in Drought
What term was given to the region that suffered severe drought during the depression?
Asked in Environmental Issues
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Asked in Drought
What two kinds of drastic measures that may need to be taken in a severe case of drought?
Asked in The Difference Between
What is the difference between drought and famine?
Asked in Banking
How does global recession influence the banking sector?
The banking sector (or the finance industry in the broader sense) is the one that triggers global recession. In 2008 for instance, the collapse of Lehman Brothers created panic in the market, creating cascades of damages to the banking systems, which triggered a domino effect in the global scope (global crisis). The impact of the global crisis made the banking system more vigilant, more prepared for other crises in the future (that is inevitable) by adding more capitals that can withstand the severe scenarios during crisis. Timothy Geithner and his team did a 'stress test' during the 2008 crisis to determine how ill or how prepared the banks were.