Finance is not the same as economy, and economy includes finance. Finance is just an industry and a part of the economy.

1, financial crisis and economic crisis are different concepts:?

Economic crisis refers to the continuous contraction (negative economic growth) of one or more national economies or the whole world economy for a relatively long period of time.

The financial crisis, also known as the financial storm, refers to the sharp, short-term and super-cycle deterioration of all or most financial indicators of a country or several countries and regions (such as short-term interest rates, monetary assets, securities, real estate, land (price), the number of commercial bankruptcies and the number of financial institution failures).

2. Financial crisis will lead to economic crisis, because financial industry is a direction indicator of economy, and the most important thing for a country is financial system. The financial crisis is a virtual economic crisis, and the economic crisis belongs to the real economic crisis.

Extended data

Social impact of economic crisis

The consequences of the economic crisis may be:

1. Social unrest;

2. National economic adjustment and economic recovery;

3. coup.

The outbreak of the economic crisis has intensified the deepening of various social contradictions.

Mainly manifested in:

1. The economic crisis has caused great waste of social wealth and serious damage to social productive forces.

2. The economic crisis has further deepened the basic contradiction of capitalism.

3. The economic crisis has further intensified social class contradictions.

The economic crisis has intensified the contradictions between developed countries and between developed and developing countries.

The economic crisis shows that there is a contradiction between social productive forces and production relations. The economic crisis is the product of the intensification of contradictions, which in turn promotes the continued development of the economy in ups and downs.

At present, the economic crisis has intensified the contradiction between the transfer crisis and the anti-transfer crisis between developed and developing countries. It intensifies the contradiction between countries' competition for commodity markets and export crisis. In a word, the economic crisis has aggravated various contradictions in the world and is one of the important economic sources of world turmoil.

The economic crisis has seriously damaged social productive forces, and each crisis has set production back for several years or even decades, bringing great disasters to the world. This crisis has caused great losses to social wealth.

In the great crisis of 1930s, 92 ironmaking blast furnaces were destroyed in the United States, 72 in Britain, 28 in Germany and 10 in France. In 1933,/kloc-0.4 million acres of cotton were destroyed in the United States, 22 million bags of coffee were destroyed in Brazil, and 1 17000 livestock were destroyed in Denmark.

This phenomenon did not disappear after the Second World War. For example, during the American 1973 ~ 1975 crisis, the California milk monopoly in Los Angeles dumped more than 38,000 gallons of high-quality fresh milk into the ditch on May 15 and May 16.

result

1. The society is teetering and facing being overthrown. (US 1929- 1933 Economic Crisis)

Fascism is increasingly rampant. (US 1929- 1933 Economic Crisis)

3. International relations tend to deteriorate.

The number of unemployed people is increasing rapidly.

Poverty is getting worse and worse, and people don't have enough to eat.

6. It will trigger inflation and make prices rise.

7. Due to economic globalization, the crisis will spread all over the world, with disastrous consequences.

Baidu Encyclopedia-Economic Crisis