File:Panic_of_1884.jpg · Wikimedia Commons · See Wikimedia Commons
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Also known as economical crisis, economic crisis, economy crisis
situation in which financial assets suddenly lose a large part of their nominal value
AI overview
A financial crisis is when the value of financial assets—like stocks, bonds, or bank deposits—suddenly drops dramatically. It matters because these losses can ripple through the economy, affecting people's savings, jobs, and their ability to borrow money for major purchases or business expansion.
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- Panic of 1884.jpg
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- Economic crises
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