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The Long Depression was a worldwide price and economic recession, beginning in 1873 and running either through March 1879, or 1899, depending on the metrics used. [1] It was most severe in Europe and the United States, which had been experiencing strong economic growth fueled by the Second Industrial Revolution in the decade following the American Civil War.
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. [1]
Muslims were involved in trade extending into Asia, and Muslim merchants traveled long distances for commercial activities. [17] After 800 years of warfare, the Catholic kingdoms gradually became more powerful and eventually expelled the Moors from the peninsula. In the case of the Kingdom of Portugal it happened in the 13th century; in the ...
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
Economists first named a period of time the Great Depression in 1893. In 1933 they changed their minds. Throughout modern economic history, the business cycle has experienced an abnormally severe ...
The Scramble for Africa [a] was the conquest and colonisation of most of Africa by seven Western European powers driven by the Second Industrial Revolution during the late 19th century and early 20th century in the era of "New Imperialism": Belgium, France, Germany, United Kingdom, Italy, Portugal and Spain.
Two years ago, a student at the University of Michigan asked Berkshire Hathaway (NYS: BRK.B) Vice Chairman Charlie Munger to compare the 2008 financial crisis to the Great Depression. Munger, as ...
Post-Napoleonic Depression (post-1815) (England) Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle; Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England; Panic of 1837, a U.S. recession with bank failures, followed by a 5-year ...