Top 10 Historical Events that Changed the World

 #2 The Period of Recession

The Period of Recession 1

This is perhaps one of those dark days in the world of economics where some of the biggest investment banks had declared itself to be bankrupt. Millions of people had lost their daily source of income and had no job at all causing widespread panic and anger. Countries such as the United States, Switzerland, Germany, United Kingdom etc. were hit quite hard by it.

This marked the temporary end of economic prosperity that the Western countries were enjoying. Many banking rules and regulations were either created or revised to ensure such an event doesn’t happen again. People became more conscious about the kind of money that they spend.

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  1. Stand Point April 4, 2015
    • annanlyn October 21, 2015

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