Historic Stock Market Events
Interesting and major events that happened in the past.
May 24, 2009
- The 1998 Russian Financial Crisis. Part 3: Political Consequences and Recovery
Political Consequences
The financial collapse resulted in a political crisis as Yeltsin, with his domestic support evaporating, had to contend with an emboldened opposition in the parliament. A week later, on August 23, Yeltsin fired Kiriyenko and declared his intention of returning Chernomyrdin to office as the country slipped deeper into economic turmoil. Powerful business interests, [...]
May 22, 2009
- The 1998 Russian Financial Crisis. Part 2: The Effects
The Effects
On August 17, 1998, Russia was forced by an escalating payments crisis to devalue the Ruble dramatically, declared its intention to restructure all official domestic currency debt obligations by the end of 1999 and imposed a 90 day moratorium on the repayment of private external debt, to aid its commercial banks suffering [...]
March 8, 2009
- The 1998 Russian Financial Crisis. Part 1: Course of Events
The Russian financial crisis (also called hit Russia in August 1998. It was exacerbated by the global recession of 1998, which started with the Asian financial crisis in July 1997.
January 12, 2009
- The 1997 Asian Financial Crisis
The East Asian Financial Crisis was a period of financial crisis that gripped much of Asia beginning in the summer of (July) 1997 and raised fears of a worldwide economic meltdown. It is also commonly referred to as the East Asian currency crisis or locally as the IMF (International Monetary Fund) crisis.
November 23, 2008
- A Recession Is Part Of The Game And How To Survive In A Recession!
Is a recession really that bad like many people are made to believe? How long is the recession going to last? What industries profit during a recession and how can the government prevent another recession?
