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How did the economic crisis of 1998 happen?
1, reason

The economic form of Asian countries leads to; The influence of American economic interests and policies; George soros s Individual and the Supporting Factors of His Capitalist Group;

The economic form of Asian countries leads to: Singapore, Malaysia, Thailand, Japan and South Korea are all export-oriented countries, and they are highly dependent on the world market. The shake of the Asian economy will inevitably lead to a situation that will affect the whole body.

Take Thailand as an example. Whether the Thai baht should be bought or sold in the international market is not dominated by the government, and Thailand itself does not have enough foreign exchange reserves. Facing the speculation of financiers, the national economy is vulnerable. The economy determines politics, so the political situation in Thailand is turbulent.

2. Duration

As long as 1 1 year.

Step 3 end

From 65438 to 0999, Russia got rid of economic difficulties and the financial crisis ended.

Extended data:

1988 in the first financial crisis, Japan was forced to sign the "Plaza Agreement", which broke out on Black Monday, and the global overnight evaporation exceeded 1.4 trillion US dollars, equivalent to three times the total loss of the First World War.

1998 in the second financial crisis, Southeast Asia was attacked by international speculators, which triggered a currency crisis, and then Hong Kong, which had just recovered, was attacked. Under the protection of the central government, it successfully repelled international speculators and survived. This is the famous "Hong Kong Financial Defence War" in history. However, 1000 enemy troops were killed, resulting in 800 losses. As a result, 654.38 billion employees of state-owned enterprises in China were forced to be laid off.

In the third financial crisis in 2008, the United States withdrew its troops from Iraq and Afghanistan, and the price of crude oil plummeted. Goldman Sachs and Morgan forced debts from financial companies in the new century, which triggered the subprime mortgage crisis and the collapse of the American economy, which spread all over the world. China was forced to save the world with a plan of 4 trillion yuan, which eventually led to a serious over-currency, rising house prices, industrial overcapacity and deep water.

Reference: Baidu Encyclopedia-Asian Financial Storm