More controversially, officials of the Federal Reserve assisted in the negotiations that led to this bail-out, on the grounds that so many companies and deals were intertwined with LTCM that if LTCM actually failed, they would as well, causing a collapse in confidence in the economic system.

Botswana still struggles to seal its border from thousands of Zimbabweans who flee economic collapse and political persecution.

During 1996, however, the economy collapsed due to the Bulgarian Socialist Party's slow and mismanaged economic reforms and an unstable and decentralised banking system, which led to an inflation rate of 311 % and the collapse of the lev.

This disaster was the start of the Third Century Crisis, a period of military and economic collapse which came close to destroying the empire.

In order to halt the ongoing economic collapse, economic reforms were drafted by a group of technocrats known as the Chicago Boys because many of them had been trained or influenced by University of Chicago professors.

Cuba's once-ambitious foreign policy has been down sized as a result of economic hardship after the collapse of the Soviet bloc.

Civil wars have further resulted in economic collapse ; Burma ( Myanmar ), Uganda and Angola are examples of nations that were considered to have promising futures before being engulfed in civil wars.

Instead Gorbachev chose political liberalization during the years leading to the collapse of the USSR, while not implementing any significant economic reforms.

And economic collapse often has the character of a cumulative process.

In 2007, relations between the two have thawed in the fields of diplomacy and economic trade, only to collapse during the 2008 – 2009 Israel – Gaza conflict when the Iranian and Egyptian politicians exchanged blames over inaction towards the escalation.

The economic collapse of Russia and the political power struggle of the Finnish state during 1917 were among the key factors that brought sovereignty to the fore in Finland.

Like economists Don McAlvany, Joel Skousen, Edward Yourdon Ed Yardeni, and many others, North suggested that a Y2K date-rollover failure of the global Information Technology ( IT ) infrastructure might precipitate severe disruption and perhaps even an economic collapse.

In 2008, the EU's eurozone entered its first recession, sparking a debate about possible economic collapse.

Main reasons for the collapse include severe economic problems and growing emigration towards the West.

While implementation of governance reforms and peaceful resolution of the political stalemate are key to long-term growth, external support remains critical in avoiding economic collapse.

Soon, social and economic differences between Honduras and its regional neighbors exacerbated harsh partisan strife among Central American leaders and brought the collapse of the Federation from 1838 to 1839.

However, this prosperity was followed by economic and political collapse and then the Hilalian invasion of 1050-1052.

The communist regime collapsed in 1990, and the former communist Party of Labour of Albania was routed in elections March 1992, amid economic collapse and social unrest.

Hundreds of thousands of East Germans defected to the West via West Berlin, a labour drain that threatened East Germany with economic collapse.

Since a productive period in the 1970s, the mining industry has been hampered by the Iran – Iraq War ( 1980 – 88 ), the sanctions of the 1990s, and the economic collapse of 2003.

However, the rapid post-war economic development of the East Asian Tigers, India, the People's Republic of China, along with the collapse of the Soviet Union, have loosened European and North American influence in Asia, generating speculation today about the possible re-emergence of India and China as superpowers.

In 1918, his art was to change dramatically as a direct consequence of Germany's economic, political and military collapse at the end of the First World War.

This period of economic stability and prosperity was brought to an abrupt halt with the collapse of Yousef Beidas ' Intra Bank, the country's largest bank and financial backbone, in 1966.

Postwar social and political instability, fueled by economic uncertainty and the collapse of the Lebanese currency, led to the resignation of Prime Minister Omar Karami, also in May 1992, after less than 2 years in office.

The result is that paper money would often lead to an inflationary bubble, which could collapse if people began demanding hard money, causing the demand for paper notes to fall to zero.

Compaq struggled as a result of the collapse of the Dot-com bubble bust, which hurt sales of their high-end systems in 2001 and 2002, and they managed only a small profit in a few quarters during these years.

The collapse of the bubble took place during 2000-2001.

* 2000 – S & P 500 index reaches an intraday high of 1, 552. 87, a peak that, due to the collapse of the dot-com bubble, it will not reach again for another seven-and-a-half years.

The recession was confirmed by figures from the Central Statistics Office showing the bursting of the property bubble and a collapse in consumer spending terminated the boom that was the Celtic Tiger.

The original report only showed neutron emission from the initial bubble collapse following bubble nucleation, whereas this report showed neutron emission many acoustic cycles later.

Sonoluminescence in the laboratory can be made to be stable, so that a single bubble will expand and collapse over and over again in a periodic fashion, emitting a burst of light each time it collapses.

This equation, though approximate, has been shown to give good estimates on the motion of the bubble under the acoustically driven field except during the final stages of collapse.

Both simulation and experimental measurement show that during the critical final stages of collapse, the bubble wall velocity exceeds the speed of sound of the gas inside the bubble.

During bubble collapse, the inertia of the surrounding water causes high pressure and high temperature, reaching around 10, 000 kelvins in the interior of the bubble, causing the ionization of a small fraction of the noble gas present.

After the collapse of the Japanese property bubble, a manager of a major bank in Nagoya was assassinated, and much speculation ensued about the banking industry's indirect connection to the Japanese underworld.

* An economic bubble: A bubble is similar to a Ponzi scheme in that one participant gets paid by contributions from a subsequent participant ( until inevitable collapse ).

The BUS was launched in the midst of a major global market readjustment as Europe recovered from the Napoleonic Wars The central bank was charged with restraining uninhibited private bank note issue – already in progress – that threatened to create a credit bubble and the risks of a financial collapse.

The creation of the bubble is followed by a precipitous collapse fueled by the same phenomenon.

With the financial collapse of the service provider industry and overall burst of the dot-com bubble, Inktomi lost most of its customer base.

Once the bubble bursts, the fall in prices causes the collapse of unsustainable investment schemes ( especially speculative and / or Ponzi investments, but not exclusively so ), which leads to a crisis of consumer ( and investor ) confidence that may result in a financial panic and / or financial crisis ; if there is monetary authority like a central bank, it may be forced to take a number of measures in order to soak up the liquidity in the financial system or risk a collapse of its currency.

Typically the collapse of any economic bubble results in an economic contraction termed ( if less severe ) a recession or ( if more severe ) a depression ; what economic policies to follow in reaction to such a contraction is a hotly debated perennial topic of political economy.

* Higher education bubble ( 1980 – Present ), a term used by PayPal billionaire Peter Thiel and some economists to describe the steep increase of tuition and other costs at American colleges and universities, and a possible future collapse.

In the latter case, due to localized heating of the " steam bubble " due to decay heat, the pressure required to collapse the " steam bubble " may exceed reactor design specifications until the reactor has had time to cool down.