
An economic disaster is the widespread disruption or collapse of a national or regional economy, possibly causing financial panic, hoarding, famine, hyperinflation, political upheaval or revolution. Some of these occurrences are short-lived, while others last many years. Economic disasters are rarely the product of purely economic forces such as the stock market or monetary policy. Political and natural forces, such as hurricanes or droughts, can also play roles.
The following list comprises some of the most devastating economic crises:
Irish Famine (1740–1741)
Great Famine (Ireland)
Russian famine of 1921
Soviet famine of 1932-1933
Great Depression
Great Leap Forward
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Video: USA Economic Disaster