Looking at American history, I find that every once in a while, there will be a financial crisis

No matter how much money there was, it was always there. Why did so many people become poor overnight? The money of ordinary people turned into paper, and the rich owed huge debts that they could never repay in their lifetime? Did the money evaporate? Regardless of whether he had overproduction or poor purchasing power, the products he produced would always be there. Moreover, since the economic crisis was an impact on the entire population, why were those big families that had been around for hundreds of years always able to survive the economic crisis? How did they do it? I know that their production materials are privately owned, such as mines, mountains, oil fields, coal mines, etc. What's the difference between them and nobles? These are all hereditary. " What we have belongs to the public, which means that it belongs to the entire population. It's impossible for it to become private property and be passed on to the next generation. However, what does the economic crisis have to do with this? For example, in our society, once there is overproduction or purchasing power is not strong, the country will regulate the macro economy, from banks to stimulate consumption to market regulation. Would their country not? Or was it that their government did not have the power to do so? They could not let the entire population become poor people who could not even afford to eat. The rich were still so rich. What kind of logic was this?

Answer 1

Financial crises did happen every once in a while in the history of the United States. A financial crisis refers to a situation where large-scale turmoil in the financial market leads to problems in the entire economic system. This situation had happened many times in the history of the United States. The most famous one was the 2008 financial crisis.

In 2008, there was a huge fluctuation in the global financial market. The US sub-prime mortgage crisis triggered a global financial crisis. The crisis led to economic decline in the United States and other countries and triggered a series of legal and political problems.

Although financial crises occurred frequently in the history of the United States, the economic and financial systems of these countries would undergo reforms and adjustments after each crisis. These reforms and adjustments were usually to strengthen the ability to regulate, improve the stability of financial markets, and reduce debt and leverage levels. Therefore, although the financial crisis was a part of American history, the United States had been working hard to prevent similar crises from happening again.