The Consequences Of The 1929 Financial Crisis

United States and international markets beginning in 1929 financial crisis spreading another "great depression" as its economic and social consequences of the crisis of the year has taken its place in the history of the world as well. However, the recent period of global crisis in terms of speed and spread of results is as effective as the economic crisis of 1929. Changing the location of the world as a result of the first world war and the world's largest in the United States from 1921-1929 would position depression in the years between car and industry developments in the economy of speculation in stocks that occur after increased vigor. But the sudden collapse of the New York Stock Exchange in October 1929 people servetindeki with a total

housing credit inaccuracies and bloating in the beginning with financial problems deepen. Created for the development of the secondary market of housing loans, Freddie Mac and Fannie Mae after passing through the State control of big investment bank Lehman Brothers within the context of U.s. Bankruptcy Law article 11, filed for bankruptcy, Merrill Lynch sold at a very low cost Bank of America and giant insurer AIG operations in an effort to maintain the FED (Us Central Bank) had to use significant amount credit. Crisis in the UK, Europe and developing countries felt after winning a global dimension and approximately 700 billion-dollar rescue package (bailout bill) approved through Parliament USA. This financial crisis in some ways similar to the old in some ways is innovation. For example, crisis intervention format is not new. If you are interested in holding of Keynesian policy implemented after the 1929 crisis of 1998 that hedge fund rescue operations have been felt in the State's economy until the shadow all the time. For example, in September 1998 the New York FED (U.s. Federal Reserve New York unit) are the country's largest hedge fund, the four major commercial banks to rescue LTCM ten and the company launched a venture securities. These are providing a total of 3.6 billion dollars in capital has 90 percent of LTCM. However, as a result of the recent mortgage crisis, the US Government's series of interest cuts, Bank mortgage institutions merge operations and the latest confiscation is a market "intrusive" had become almost "normal". These developments in the U.S. and other advanced economies to financial system restructuring, developing world capital movements related to reconsider their policies and the world financial system is another mentality and other the facts will lead to redesign. In this study, the causes of what happened in the U.S. financial sector and their emergence likely results, resulting so far and will be about