The history usually repeats; as nobody learns the lessons it gives. The world history accounts for more than 10 world financial crises. In 1970th and 1980th arose new wave of crisis. After all, the world debt snowballed from $130 billion in 1973 to some $612 billion in 1982 (Source 2).
There are a lot of versions and reasons why this crisis has occurred. In the 1970th most devel... read more
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