Economic crisis essays

In general, every crisis provokes the recession in economy, which leads to detrimental and drastic changes in the life of the country. The essence of the crisis is the topic that many economists and financial experts discuss. They try to evaluate the causes and development of the crisis, predict future results and damages.

Business Dictionary is defining crisis as “a situation in witch an economy experiences a sudden downtown brought on by a financial crisis” (BusinessDictionary.com, 2014). The major sign of an economic crisis is the falling of GDP, the drying up of liquidity and rising or falling of prices generated by inflation or deflation.

The benefit of writing a basic essay about financial crisis is that the writer is actually living in times of its happening. That gives him a chance to present subjective opinion of the current situation from financial and economic point of view of certain countries.

In 1928, he departed dramatically from the judgment of his contemporaries and sounded an alarm: "every boom must one day come to an end." Then after the Great Depression hit, he wrote again in 1931. His essay was called: "The Causes of the Economic Crisis."