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Economic disasters

October 1, 2008 Written by nicolae

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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.