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An '''Economic disaster''' is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, [[hoarding]], [[famine]], [[hyperinflation]], political upheaval or [[revolution]]. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces such as the [[stock market]] or [[monetary policy]]. [[Political]] and [[nature|natural]] forces, such as [[hurricane]]s or [[drought]]s, can also play roles. |
An '''Economic disaster''' is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, [[hoarding]], [[famine]], [[hyperinflation]], political upheaval or [[revolution]]. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces such as the [[stock market]] or [[monetary policy]]. [[Political]] and [[nature|natural]] forces, such as [[hurricane]]s or [[drought]]s, can also play roles. |
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== Historical examples == |
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The following list comprises some of the most devastating economic crises: |
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*[[Irish Famine (1740–1741)]] |
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*[[Great Famine (Ireland)]] |
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*[[Russian famine of 1921]] |
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*[[Soviet famine of 1932-1933]] |
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*[[Great Depression]] |
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*[[Great Leap Forward]] |
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[[Category:Economic disasters|*]] |
[[Category:Economic disasters|*]] |
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{{economics-stub}} |
Revision as of 09:59, 16 July 2008
An Economic disaster is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, hoarding, famine, hyperinflation, political upheaval or revolution. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces such as the stock market or monetary policy. Political and natural forces, such as hurricanes or droughts, can also play roles.
Historical examples
The following list comprises some of the most devastating economic crises:
- Irish Famine (1740–1741)
- Great Famine (Ireland)
- Russian famine of 1921
- Soviet famine of 1932-1933
- Great Depression
- Great Leap Forward