Global Financial Crisis

Abstract

The abstract of the research focuses mainly on Global Financial Crisis.

Throughout the history of mankind, financial disasters have occurred. Sometimes they were local and affected specific sectors of the economy, sometimes they were reflected on the welfare of the whole country in general. As a rule, the global crisis is called the continued decline in the economic power of a group of states, whose production processes directly or indirectly relate to population around the world. There have been about twenty such financial disasters in the last couple centuries. A large number of countries involved pay special attention to the development and implementation of anti-crisis measures and activities, but even in this days it's hard to predict how long the crisis will last and what character it will take. Crisis shows the reality of things, which looked forward on the continuation in the long run of the economic boom in general and the commodity boom - in particular. The crisis gives rise to impulses for mobilisation and opens up the need for political, social and economic modernisation not in propaganda rhetoric, but as well as in  the reality. This is the important positive significance of the crisis for the further historical development of the world as a whole. The following point has been detailed in this work: causes of economic crises in the world; most popular global financial crisis; the impact of the global financial crisis.