The financial crisis is a term from which we all are afraid of. In today’s post, we are talking about this term in detail.

Definition of the term financial crisis

The term financial crisis is defined as any sudden decrease in the normal value of valuable assets like stocks, shares, e.t.c.

The very normal example of a financial crisis contains a financial market crash which is either within some industries or it can be widely spread.

A bank collapse when its major depositor’s fright and seek for withdrawal from the banks all at once.

Different stages in financial crises:

There are four different stages that occur in financial crises.

They are:

1.       Anger

2.       Bargaining

3.       Depression

4.       Acceptance

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