The 1997 Crisis: The Greatest Asian Crisis in History? - VisualPolitik EN

Check out our brand new channel, Visual Academy:    / @visualacademy1661   If you want to know more about Value School's work, check out their website here: https://value.school In the early 1990s, the countries of Southeast Asia along with South Korea seemed to be taking on the world. Banks, investment funds, pension funds, insurance companies... Everyone wanted a piece of the action and the money was pouring in. Thailand, South Korea, Malaysia, Indonesia and the Philippines were the trending countries. However, on 2 July 1997, everything fell apart. On that day, one of the greatest financial cataclysms in human history suddenly began to unfold. In just a few months, the entire world would see these once booming and prosperous economies on the verge of collapse. The stock markets collapsed, the currencies depreciated to unimaginable levels and the recession hit the economies of these countries. Suddenly prosperity gave way to unemployment and widespread business failure. In this new video made in collaboration with Value School, we tell you what happened and why one of the greatest financial crises of all time occurred: the great Asian financial crisis of 1997. Support us on Patreon!   / visualpolitik   And don't forget to visit our friend’s podcast, Reconsider Media: https://www.reconsidermedia.com/