A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind.
A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles.
Black Monday was the global, severe and largely unexpected stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression.
In September and October 1993, a constitutional crisis arose in the Russian Federation from a conflict between President Boris Yeltsin and Russia's parliament. President Yeltsin performed a self-coup, dissolving parliament and instituting a presidential rule by decree system. The crisis ended with Yeltsin using military force to attack Moscow's House of Soviets and arrest the lawmakers. In Russia, the events are known as the October Coup or Black October.
The Central Bank of the Russian Federation, doing business as the Bank of Russia, is the central bank of the Russian Federation. The bank was established on July 13, 1990. The predecessor of the bank can be traced back to the State Bank of the Russian Empire founded in 1860.
The Panic of 1857 was a financial panic in the United States caused by the declining international economy and over-expansion of the domestic economy. Because of the invention of the telegraph by Samuel F. Morse in 1844, the Panic of 1857 was the first financial crisis to spread rapidly throughout the United States. The world economy was more interconnected by the 1850s, which made the Panic of 1857 the first worldwide economic crisis. In Britain, the Palmerston government circumvented the requirements of the Bank Charter Act 1844, which required gold and silver reserves to back up the amount of money in circulation. Surfacing news of this circumvention set off the Panic in Britain.
The early 2000s recession was a decline in economic activity which mainly occurred in developed countries. The recession affected the European Union during 2000 and 2001 and the United States from March to November 2001. The UK, Canada and Australia avoided the recession, while Russia, a nation that did not experience prosperity during the 1990s, began to recover from it. Japan's 1990s recession continued.
Economic collapse, also called economic meltdown, is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment, to a breakdown in normal commerce caused by hyperinflation, or even an economically caused sharp rise in the death rate and perhaps even a decline in population. Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order.
The Japanese asset price bubble was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. In early 1992, this price bubble burst and Japan's economy stagnated. The bubble was characterized by rapid acceleration of asset prices and overheated economic activity, as well as an uncontrolled money supply and credit expansion. More specifically, over-confidence and speculation regarding asset and stock prices were closely associated with excessive monetary easing policy at the time. Through the creation of economic policies that cultivated the marketability of assets, eased the access to credit, and encouraged speculation, the Japanese government started a prolonged and exacerbated Japanese asset price bubble.
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy.
Interfax is a Russian news agency. The agency is owned by Interfax News Agency joint-stock company and is headquartered in Moscow.
Alexander Leonidovich Dvorkin is a Russian anti-cult activist. From 1999 to 2012 he was professor and head of the department of the study of new religious movements (cults) at Saint Tikhon's Orthodox University. He is currently professor of department of missiology at that university.
The Ministry of Finance of the Union of Soviet Socialist Republics (USSR) (Russian: Министерство финансов СССР), formed on 15 March 1946, was one of the most important government offices in the Soviet Union. Until 1946 it was known as the People's Commissariat for Finance (Russian: Народный комиссариат финансов – Narodnyi komissariat finansov, or "Narkomfin"). Narkomfin, at the all-Union level, was established on 6 July 1923 after the signing of the Treaty on the Creation of the USSR, and was based upon the People's Commissariat for Finance of the Russian Soviet Federative Socialist Republic (RSFSR) formed in 1917. The Ministry was led by the Minister of Finance, prior to 1946 a Commissar, who was nominated by the Chairman of the Council of Ministers and then confirmed by the Presidium of the Supreme Soviet. The minister was a member of the Council of Ministers.
The 1990s economic boom in the United States was an economic expansion that began after the end of the early 1990s recession in March 1991, and ended in March 2001 with the start of the early 2000s recession during the Dot-com bubble crash (2000–2002). It was the longest recorded economic expansion in the history of the United States until July 2019.
The Ministry of Finance of the Russian Federation, also known as MinFin, is a ministry of the Government of Russia responsible for financial policy and general management in the field of finance.
Alexander Nikolayevich Samokhvalov was a Soviet Russian painter, watercolorist, graphic artist, illustrator, art teacher and Honored Arts Worker of the RSFSR, who lived and worked in Leningrad. He was a member of the Leningrad branch of Union of Artists of Russian Federation, and was regarded as one of the founders and brightest representatives of the Leningrad school of painting, most famous for his genre and portrait painting.
Alex Battler, known in Russia under the pen name Oleg Alekseyevich Arin, is a Soviet-born Russian-Canadian scholar and political writer. He is a member of the organization «Defend Science» (US).
The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. An administrative-command system managed a distinctive form of central planning. The Soviet economy was characterized by state control of investment, prices, a dependence on natural resources, lack of consumer goods, little foreign trade, public ownership of industrial assets, macroeconomic stability, low unemployment and high job security.
In the second half of the 19th century, it became clear that the preservation of the power and political influence of the Russian Empire would be impossible without the reform and transformation of the political system. Among the economic prerequisites, the crisis of the landlord economy, the poverty of the peasants and the low purchasing power of the population, held back development of the domestic market. Serfdom held back development of the wage labor market and created a shortage of labor for industry. Therefore, the reign of Alexander II became a period of fundamental transformation of Russian society.
Aleksandr Vladimirovich Starovoitov was an officer of the Soviet and Russian security services and academic, specialising in communications technologies. He reached the rank of army general, and was awarded the title of Hero of the Russian Federation.
