US Economic Crises: Dot-Com Bubble & 2007 Housing Crash
A Brief History of US Economic Crises
The Dot-Com Bubble (Pre-2001)
Before 2001, interest rates were high, which was reasonable given the economic cycle. High interest rates typically control economic growth and appreciate the currency. The dot-com bubble was a speculative bubble that inflated the stock prices of technology companies. These companies had significant know-how, but many lacked profitability. Venture capital firms fueled this bubble, seeing a promising future in the tech sector. While
Spanish Economy in the 19th Century: Banking and Foreign Trade
Banking Sector in 19th Century Spain
The objectives of the financial system were to recover savings and make them available to employers to invest, provide means of payment, and finance industrial and service companies by buying shares.
Types of Banks in the Nineteenth Century:
- Savings banks
- Merchant banks
- Traditional banking houses (used their profits to finance)
- Joint-stock banks (meeting the finance function par excellence)
Legislative Developments
Before 1848, the law was relatively free, with no limitations.
Read MoreHistory of the Banco de San Fernando: 1829-1847
A few years later, there were accusations of corruption at the management of the Bank in relation to abuse by directors of the privileges; of the granting to shareholders of loans secured by their shares, contravening the provisions in the Statute; and of the manipulation of the price of vales reales on international markets.
The financing of wars, waged during Carlos IV’s reign, required further issues of vales reales, suspending their convertibility temporarily. The government continued resorting
Read MoreBusiness Environment and Competitive Forces in the Market
Business Environment
The business environment, or business context, is where a company operates. It influences and is influenced by the company. It can be categorized as general and specific:
- General environment: Circumstances that apply equally to all companies within a certain company or geographic area.
- Specific environment: Factors that influence a particular group of companies acting in the same sector and sharing common characteristics.
General Environmental Factors
- Economic factors: Economic
Strategic Analysis: External and Internal Factors
External Analysis
External analysis begins by distinguishing between the generic environment (determined by the social and economic system in which the organization operates) and the specific environment (referring to the industrial sector made up of competitors, suppliers, and customers) that is closer to the organization. In a SWOT analysis, external analysis reveals the threats and opportunities that the organization faces.
Analysis of the General Environment
Read MoreThe global generic environment of a
EU Social Policy and Security: Health and Labor Rights
EU Social Policy and Social Security
Public Health in the European Union
The Treaty of Amsterdam established the need for the EU to address the health of its citizens holistically. The most considered areas are cancer, addiction, disease transmission, and general measures for health protection. The EU seeks to improve health information, establish rapid response mechanisms for threats such as epidemics, and prevent diseases.
In this sense, it launched the Community Action Program in the field of public
Read More