What were the top 5 financial disasters in the history of humankind? https://anavafinancing.com/

From the great depression to the various stock market crashes we count down to 5 most disastrous financial disasters

https://anavafinancing.com/

Your Community Mortgage Brokerage.


For more information on all of your financing needs: https://anavafinancing.com/

Subscribe to our Newsletter: https://anavafinancing.com/get-started/

Follow us on all the social media platforms
Instagram:- https://www.instagram.com/anavafinancing/
Tiktok:- https://vm.tiktok.com/ZM8KM3Nuu/
Facebook:- https://www.facebook.com/AnavaFinancing/

Subscribe for more informative content:- https://youtube.com/channel/UCXAHi47bi3cPdTAmRKO9W-w

Contact us: 647-800-9440
Email: info@anavafinancing.com


0:06 - 0:34 - Black Monday - 1987 -

The very well-known Monday, October 19, 1987! How did $500 billion from the NYSE disappear into thin air? Many years later no clear answers are known. It is because there were so few indicators that it was even coming. By the end of October 1987, the Australian market fell 41.8%, Canada’s plunged 22.5%, the UK fell 26.4% & the HK dropped a ridiculous 45.8%. One popular theory ascribes the crash to instant program trading & growing influence of computers on Wall Street, but that debate rages. One thing which is certain is that lots of people went broke very, very quickly.


0:35 - 1:00 - The Panic of 1907 -
Overexpansion and poor speculation contributed to the 1907 Panic. The stock market crashed in March, and the second crash in October triggered a run-on banks, causing the massive National Bank of North America to fail. The US Treasury Department, aided by JP Morgan, rushed in with federal funds and some creative financial rerouting.



3 1:00 - 1:28 .-The OPEC Oil Price Shock of 1973 -
This crisis began when member countries of OPEC (Organization of Petroleum Exporting Countries), primarily Arab nations, decided to retaliate against the United States for sending arms supplies to Israel during the Fourth Arab–Israeli War. Oil exports to the United States and its allies were abruptly halted after OPEC countries declared an oil embargo. This resulted in severe oil shortages and a sharp increase in oil prices, resulting in an economic crisis in the United States and many other developed countries. The ensuing crisis was notable for the simultaneous occurrence of extremely high inflation (caused by an increase in energy prices) and economic stagnation (due to the economic crisis). As a result, economists labeled the period "stagflation" (inflation plus stagnation), and it took several years for output to recover and inflation to fall to its precrisis levels.

1:29 - 2:05

2. The Financial Crisis of 2007–08 - 1
This was the most severe financial crisis since the Great Depression, and it wreaked havoc on financial markets around the world. The crisis was triggered by the collapse of the housing bubble in the United States, and it resulted in the failure of Lehman Brothers (one of the world's largest investment banks), the near-collapse of many key financial institutions and businesses, and unprecedented government bailouts. It took nearly a decade for things to return to normal, costing millions of jobs and billions of dollars in income along the way.



1. The Great Depression of 1929–39 - 2
This was the twentieth century's worst financial and economic disaster. Many people believe that the 1929 Wall Street crash prompted the Great Depression, which was then aggravated by the U.S government's poor policy decisions. The Great Depression lasted nearly ten years and resulted in massive income loss, record unemployment rates, and output loss, particularly in industrialized nations. At the height of the crisis in 1933, the unemployment rate in the United States reached nearly 25%.