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ecession
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MEMBERS
hraddha Rokade 7824 nkita Shanklesha 7836 alit Varma 7854
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hat is Recession s decline in country s GDP growth for two.r
more consecutive quarters of a year Aecession is also preceded by
several
uarters of slowing down
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ist of major RecessionRecession
Name Recession
Year Time
Taken
GreatDepression 1929 1939 10 years
1937 Oil Recession 1973 1975 2 years
Early 1980 s Recession 1980 1982 2 years
Early 1990 sRecession 1990 1991 1 year
Early 2000 sRecession 2001 2003 2 years
Early 2008 sRecession -2008 so on Continuing
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rigin of current Financial crisis
Get the datat from global financialcrisis ppt
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auses of recession urrency crisis nergy Crisis War nder
consumption ver production inancial crisis rice of fuels
ffects of recession ankruptcies redit
CrunchesDeflationUnemploymentForeclosures
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ffects of Recession on DevelopedCountriesUSA
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ffects of Recession on DevelopingCountriesIndia
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-ffects of Recession on undereveloped Countries ( )outh Africa
Zimbabwe
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yper Inflation In Zimbawe
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One 200,000 dollar note equals less than US$0.10 cents.
t
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ecem er n , a new note o , o arsintroduced to the market!
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Next - 750,000 dollars.
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dollars.
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This US $10 dollar note is 10 times worth morethan the 10
million dollars Zimbabwe note.
Thi i i t k t Th h t i 25
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This guy is going to a supermarketThe exchange rate is 25million
Zimbabwe dollars for 1 US dollar.
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This mountain of cash is worth 100 US Dollars.
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The 50 Million dollar note is then introduced!
h ll ll !
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Next is the 250 million dollar note !
h h h h
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Sorry, how much is this t-shirt?- Its cheap, only about 3
billion dollars!
M 2008 t f 500 illi d ll i
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May 2008 - a note of 500 million dollars isintroduced!
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June 2008 - notes worth 25 and 50 billion dollarsare
printed.
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What can you buy for it? Well, 3 eggs for
example.
P i th bill i t t!
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Paying the bill in a restaurant!
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,Zimbabwe dollar by removing 10 zeros from
notes.
However inflation kept going up and in September
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However, inflation kept going up and in September2008 for this
amount of cash you could only buy
4 tomatoes.
And for this a loaf of bread
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And for this - a loaf of bread.
A d h i d ll i 20 000 d ll
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And then it started all over again: a 20,000 dollarnote in
September, 2008
) t h b l d 11 N b 2008 t
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, . , , ,currency) notes have been released 11 November 2008
courtesywww.zimbabwesituation.comThe country's currency plunged to
a new record low, trading at an averageZ$28,4 quadrillion to the US
dollar and triggering massive price
increases.The hyperinflation is now estimated at over a
quintillion percent, althoughno one really knows.
All of which explains this notice in the toilets
http://www.zimbabwesituation.com/http://www.zimbabwesituation.com/
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All of which explains this notice in the toilets.
