When we say crisis, it means something that is negative. And we say financial crisis, this might involve money problems. Insider Monkey has an article regarding "What Is A Financial Crisis? Here Are The 5 Worst Of All-Time". Many ardent investors have problem asked themselves one time or another: what is a financial crisis? We'll we'll take you through the five worst crises imaginable, economically speaking. It doesn't matter whether a country has a state-controlled economy or a free market economy, everything is centered around the circulation of money; that's basic Econ 101.
Since ancient times, when people were producing, supplying and distributing goods, the modern-day concept of an "economy" slowly arose, and much like many phenomena that arc over centuries, this process has become more and more complex.Now, the first to give birth to the concept of an economy as we know it today were the Babylonians, a society that developed an economic system with laws of debt, legal contracts and codes of law related to business and private property. To understand what a financial crisis is, it's important to understand this fact. You can view on Insider Monkey for more additional details on financial crisis.
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