Economic disasters Economic disasters The Argentine economic crisis was part of the situation that affected Argentina's economy during the late 1990s and early 2000s. Macroeconomically speaking, the critical period started with the decrease of real GDP in 1999 and ended in 2002 with the return to GDP growth, but the origins of the collapse of Argentina's economy, and their effects on the population, can be found in action before. As of 2005, the crisis is arguably over, though many challenges remain for the country. ...more on Wikipedia about "Argentine economic crisis (1999-2002)"
The Cochabamba protests of 2000 were a series of protests that took place in the Bolivian city of Cochabamba between January and April 2000, because of the privatization of the municipal water supply, which was sold to a private company, International Waters Limited (IWL) of London (a subsidiary of Bechtel Corporation; it operated locally as Aguas de Tunari), at the insistence of the World Bank. In its June 1999 report on Bolivia, it specifically called for the cessation of "public subsidies" to keep down water prices. According to local press reports, the foreign investors acquired the city water system, in a sale in which they were the only bidder, for less than US$20,000, of up-front capital for a water system worth millions of dollars. ...more on Wikipedia about "Cochabamba protests of 2000"
An Economic Disaster is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, hoarding, famine, hyperinflation, political upheaval or revolution. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces; such as a stock market: political forces and natural forces, such as hurricanes or droughts, can also play a role. ...more on Wikipedia about "Economic disaster"
The Great Depression was a massive global economic recession (or "depression") that ran from 1929 to approximately 1939. Its primary impact hit United States of America, the British Empire and Europe. ...more on Wikipedia about "Great Depression"
The Great Famine or the Great Hunger ( Irish: An Gorta Mór or An Drochshaol), known more commonly outside of Ireland as the Irish Potato Famine, is the name given to a famine in Ireland between 1845 and 1849. The Famine was at least fifty years in the making, due to the disastrous interaction of British economic policy, destructive farming methods, and the unfortunate appearance of "the Blight" —the potato fungus that almost instantly destroyed the primary food source for the majority population. The immediate after-effects of The Famine continued until 1851. The number of deaths is unrecorded, and various estimates suggest totals between 500,000 and more than one million in the five years from 1846. Some two million refugees are attributed to the Great Hunger (estimates vary), and much the same number of people emigrated to Great Britain, the United States, Canada, and Australia (see the Irish Diaspora). ...more on Wikipedia about "Irish Potato Famine (1845-1849)"
The Russian famine of 1921, which began in the early spring of that year, and lasted through 1922, was a true famine: hunger so severe that it was doubtful that seed-grain would be sown rather than eaten. At one point, relief agencies had to give grain to the railroad staff to get their supplies moved. Russia was experiencing one of her intermittent droughts, but there had been droughts before. ...more on Wikipedia about "Russian famine of 1921"
The global recession of 1998, which started with the Asian financial crisis in July 1997, exacerbated Russia's financial crisis. Given the ensuing decline in world commodity prices, countries heavily dependent on the export of raw materials, such as oil, were among those most severely hit. ( Petroleum, natural gas, metals, and timber account for more than 80% of Russian exports, leaving the country vulnerable to swings in world prices. Oil is also a major source of government tax revenue. ** ) The sharp decline in the price of oil had severe consequences for Russia. ...more on Wikipedia about "Russian financial crisis"
The Special Period In Time of Peace ( Spanish: Período especial en tiempo de paz ) in Cuba was an extended period of economic crisis that began in 1991 after the collapse of the Soviet Union and, by extension, the Comecon. It lasted through the early-to-mid 1990s, gradually declining in severity, before finally mostly dissipating in societal impact by the beginning of the 21st Century. The period is defined primarily by severe shortages of hydrocarbon energy resources in the form of gasoline, diesel, and other oil derivatives. ...more on Wikipedia about "Special Period"
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