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The 2007–2008 financial crisis, or the global financial crisis ( GFC ), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [1] excessive risk-taking by global financial institutions, [2] a continuous buildup of toxic assets within banks ...
1997-2001 (3 Year) Location. South Korea. It was a case in November 1997 under the Kim Young-sam administration that Korea received funding from the International Monetary Fund (IMF) due to a lack of foreign exchange. The South Korean International Monetary Fund Agreement was implemented when South Korea, which was in a foreign exchange crisis ...
- 02.11.1997
- South Korea
- 1997-2001 (3 Year)
International Monetary Fund Abbreviation IMF Formation 27 December 1945; 78 years ago () Type International financial institution Purpose Promote international monetary co-operation, facilitate international trade, foster sustainable economic growth, make resources available to members experiencing balance of payments difficulties, prevent and assist with recovery from international financial ...
Enron scandal. The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas. When news of widespread fraud within the company became public in October 2001, the company declared bankruptcy and its accounting firm, Arthur Andersen – then one of the five largest audit and ...
c. 6,000–25,000 [d] The World Trade Center in New York City collapsed on September 11, 2001, as result of the al-Qaeda attacks. Two commercial airliners hijacked by al-Qaeda terrorists were deliberately flown into the Twin Towers of the complex, resulting in a total progressive collapse that killed almost 3,000 people.
The term "tsunami" is a borrowing from the Japanese tsunami 津波, meaning "harbour wave."For the plural, one can either follow ordinary English practice and add an s, or use an invariable plural as in the Japanese. Some English speakers alter the word's initial /ts/ to an /s/ by dropping the "t," since English does not natively permit /ts/ at the beginning of words, though the original ...
On 26 December 2004, at 07:58:53 local time (UTC+7), a major earthquake with a magnitude of 9.2–9.3 Mw struck with an epicentre off the west coast of northern Sumatra, Indonesia. The undersea megathrust earthquake, known by the scientific community as the Sumatra–Andaman earthquake,[8][9] was caused by a rupture along the fault between the ...
