Theoretically, what happens in the early and late stages of the financial crisis?

In turn, inflation, world wars, recovery from the new.

What started as a Wall Street storm caused by the subprime mortgage crisis in the United States has now evolved into a global financial crisis. The rapid development of this process, the sheer number of it, and the enormous impact of it can be said that people did not expect it. Broadly speaking, it can be divided into three phases:

The first is the debt crisis, which is caused by the inability of borrowers to repay principal and interest on time. The second stage is the liquidity crisis. As a result of the debt crisis, some of these financial institutions have not been able to have sufficient liquidity in a timely manner to meet the creditors' demand for liquidation.

The first financial crisis was the first worldwide economic crisis. The first world economic crisis occurred in the United States in 1857, because the flooding of the American market with British products hindered the development of important industrial sectors such as metallurgy and cotton textiles in the United States, and the impact was to cause a large number of banks, financial companies and industrial enterprises in the United States to fail.

The second financial crisis is the second world economic crisis. The second world economic crisis occurred in the United States in 1929, due to the sharp decline in the market situation on Wall Street in New York, the sharp decline in stock prices, the frenzied selling**, and the collapse of the market, which led to the collapse of banks, the bankruptcy of a large number of industrial and commercial enterprises, the surge in unemployment, and the fact that many people were on the verge of bankruptcy.

I think the first event that could be called a financial crisis would be the "tulip mania" event.

From the middle of the 16th century until February 4, 1637, the ** of tulips grew uncharacteristically in Europe (especially in the Netherlands). For example, a tulip called "Augustus Forever" sold for 6,700 guilders a few days before the bubble burst, enough money to buy a mansion by the canals in Amsterdam, when the average Dutch earned only 150 guilders a year.

On February 4, 1637, the seller began to sell tulips, and since then the bubble has burst and the tulips** have plummeted. Countless families have gone bankrupt as a result.

Two months later, the Dutch government decided to terminate all contracts and ban speculative tulip trading, thus bursting the economic bubble that was unprecedented in history.

The whole process of the 2008 financial crisis:

From January to May 2008, more and more financial institutions were involved, and the United States was in a huge crisis. In mid-January 2008, Citigroup and Merrill Lynch**, JPMorgan Chase, and UBS suffered serious losses.

The first victim was Bear Stearns, which is widely known in China, and was acquired by JPMorgan Chase for $100 million due to insufficient liquidity and asset losses. CITIC, a former Chinese partner, hastened to dissociate itself from relations.

Since July 2008, the crisis has worsened and socks have become a global problem. It's no longer just the market that has plummeted, many non-dollar currencies have begun to depreciate sharply, and panic is spreading everywhere.

In mid-September 2008, Lehman Brothers filed for bankruptcy protection, and Barclays Bank acquired Lehman Brothers' investment banking and capital markets business in the North American market at a low price of 100 million US dollars. US insurance giant AIG is in trouble; Merrill Lynch was acquired by Bank of America for $50.3 billion. At this stage, the subprime mortgage crisis turned into a global financial crisis, and Europe was the most affected.

Historical Context. Initially, the affected companies were limited to those directly involved in housing construction and subprime loans, such as Northern Rock Bank and National Financial Services. Some financial institutions engaged in mortgage**, such as Bear Stearns, have fallen victims.

On July 11, 2008, the nation's largest mortgage company collapsed. The assets of the Indymals Bank were seized by federal agents after they were crushed by the pressure of tight credit, due to the declining homes** and the rising rate of foreclosures.

On the day, financial markets were sharply aware, as investors wondered if they would try to bail out mortgage lenders Fannie Mae and Freddie Mac. On September 7, 2008, late summer, the crisis continued to intensify, although the federal ** took over Fannie Mae and Freddie Mac.

Summary. Financial crises are often the result of difficult economic times, so economic problems arise first.

Financial crises are often the result of difficult economic times, so economic problems arise first.

Fellow, I really didn't understand, I can be more specific.

The economic and financial crises are inseparable, and there is inclusiveness and mutual influence between the two. Often, an economic crisis is more likely to come first, as economic growth begins to slow down and tend to be sluggish, which in turn causes more problems and conflicts, creating more elements of crisis. Financial crises, on the other hand, are often a response to economic crises, and economic contraction and recession lead to problems in the financial system, which are reflected in the financial crisis and have a greater impact on the economy.

It can be seen that the economy and the financial crisis are interlinked, and the emergence of the economic crisis will lead to the financial crisis, and there is an intrinsic connection between the two.

The manifestations of financial crises vary depending on factors such as time, place, economic system, and policy, and here are some common manifestations of financial crises:

1.The market :* market can be the beginning of a financial crisis, as the market fears that the company may not be able to repay its debts or that it may not be able to control the currency depreciation.

2.Banking system collapse: A failure or failure to maintain the banking system can lead to the loss of funds by the depositor and the inability of the lender to be repaid, which can lead to the collapse of the financial market.

3.Loss of value of family assets: family assets include real estate, **, bonds, etc., if these assets****, family assets lose value, which may lead to the need for family members to borrow from banks or other financial institutions to pay for living expenses, resulting in a loan crunch from banks and other financial institutions.

4.Unemployment and income cuts: Financial crises can lead to job losses and income cuts, as people may be forced to cut back on spending or suspend work to pay loans and debt.

5.Emergency measures: Emergency measures may be taken to stabilize financial markets and restore the economy. These measures may include loans, subsidies, and emergency savings programs to help consumers and businesses pay off debt and loans.

6.Recession: A financial crisis can lead to a recession. During a financial crisis, businesses may not be able to repay their debts, leading to debt defaults and company bankruptcy, resulting in a loss of jobs.

The above are just some of the typical manifestations of financial crises, and different types of financial crises may also have different manifestations.

Financial crises can take the following forms:

1.**Crash: **Sharply**, investors have been selling**, and market confidence has been hit hard.

2.Currency depreciation: The value of the country's currency falls, leading to inflation and further exacerbating the economic crisis.

3.Debt crisis: Corporate failure or national debt default, leading to increased credit risk and a serious blow to market confidence. Loose oak.

4.Banking crisis: An increase in bank loan defaults and an imbalance in bank balance sheets, leading to bank bankruptcy or failure.

5.International financial crisis: A global financial crisis in which the financial markets of many countries or regions are shocked at the same time, resulting in a full-blown economic recession.

6.Housing Bubble: The bursting of the real estate bubble and the sharp rise in housing prices led to an imbalance in the balance sheets of banks and developers, triggering a financial crisis.

7.Other factors, such as natural disasters and political instability, can also trigger financial crises.