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The main reson is banks trying to make a buisness out of delling debts and loans.
When Banks who had been letting anyone borrow, find out that thesse people have no money the banks go bankrupt, and shareholders trying to sell their stock which has become practicly worthless.
While banks like nationwide don't have shareholders the people saving their money with them shan't make a loss, yet if the coumpony makes a gain then the people saving with them shall too.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoAn economical crisis is a complication or something that has negative impact on the economy. A good example is when a country loses its tourists and investors due to insecurity.
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What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
What do you mean by global economic crisis?
in July 2006
Have the latest economic crisis affected Disneyland California?
Yes
What is economic meltdown in relation to global economic crises?
A crisis is a dangerous situation, whereas a meltdown (by analogy to a nuclear reactor) is a complete collapse. A crisis, if not handled correctly, can result in a meltdown.
What event in 1991 led to an economic crisis in Cuba?
The collapse of the Soviet Union led to the economic crisis of 1991 in Cuba. This was due to the close ties between Cuba and the Soviet Union.
Do you agree that we are now in the economic and financial crisis?
Yes I do believe we are in a economic crisis
Is high education the solution to economic crisis?
Personally, yes education is the solution to economic crisis.
Is Ireland having a crisis?
yes! economic crisis
When will the crisis over?
You have to be more specific when you are talking about "crisis". Do you mean the economic crisis?
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
Does credit have anything to do with economic crisis?
The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.
The daWES PLAN OF 1924 SHOWED AMERICAS?
concern over Germany's economic crisis
What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
Fannie Mae and Freddie Mac were not the reason behind the economic crisis.?
Fannie Mae and Freddie Mac were not the reason behind the economic crisis.
How do you say crisis in Chinese?
I just learned the phrase for "economic crisis" in class the other day. Economic crisis is: jīngjì wēijī 经济危机 To just say crisis, you would say wēijī 危机
What are the release dates for Jake and Amir - 2007 Economic Crisis?
Jake and Amir - 2007 Economic Crisis was released on: USA: 5 December 2008
What usually happens to the economic protest parties?
they fade away after the economic crisis ends
