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Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).[1][2][3] Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order.
- ^ Cite error: The named reference
Orlov2008was invoked but never defined (see the help page). - ^ Schiff, Peter; Downes, John (2011). Crash Proof 2.0: How to Profit From the Economic Collapse. ISBN 978-1-118-15200-3.
- ^ "'America will collapse', RT". 9 March 2009. Archived from the original on 13 December 2021 – via YouTube.