Economics Crisis 英文论文_金融危机.docVIP

Economics Crisis Speaker： 2012011694 OUTLINE Causes Prominent Events In History Main characteristics Influences Lessons CAUSES The mistakes of economic policy; The shortage of the raw material( oil crisis); Natural disasters; The consequences of the globalization; The wrong of financial policies；… The primary cause of economic crisis is the capitalistic system. The radical contradiction of the capitalism is between the sociality of the product and the private possession of the capitalism. Obviously because of this, it is inevitable that the economic crisis happens every decades of years regularly. Prominent Events In History The 1929-1933 economic crisis in capitalist world Introduction During this period,the stock market on Wall Street in New York City got into a serious situation that people started selling shares madly due to the slump of share prices. Later,its effects spread to the whole world:banks faced bankruptcy one by one.At the same time,factories along with corporations closed down;the rate of unemployment jumped up;the income of farmers went down. The disaster continued till 1933 and it took several years for many countries to regain prosperity. Influences Economic decline, stock market crash ， acclaim, individual bankruptcy Social turmoil ，such as parade and demonstration and bashing; Coup détat such as fascism in Germany, Italy and Japan; Adjustments in the national economy, such as Roosevelt‘s new deal； Becoming the root of wars: for example, Germany, Italy and Japan let loose the dogs of World War II in order to in order to transfer the crisis to other countries ; The transformation of economic thoughts: from economic liberalism to state intervention in the economy or dirigismusm; The American economic（2008） Main characteristics There are some slight differences in the phenomena of economic crisis between before and after World War。 The pre-war crisis is characterized by deflation,falling prices,rising interest rates and bank failur