History is a big part of any country where people learn from their mistakes, or from the mistakes of others. Sometimes things in history will affect many people, and other times history will affect only a few people. History shows that when a stock market crashes it has a big effect on every person and business within that particular country.
The stock market can be a roller coaster ride, and for those who deal with the stock market on an everyday basis understand this concept. For people who have never dealt with the stock market do not know, or understand how any stock market can affect the history of a country.
Just before the 1930’s there was the big stock market crash in the United States. The buying, selling and trading on the stock market in the United States dropped considerably. This caused a loss of employment, businesses went under, and it was a very difficult time for everyone. When the stock market does not do well it causes a domino effect from the top clear down to the very bottom of the economic ladder.
It does not matter if you are a white collar, blue collar, or what social economic class you are in. The stock market can help many people, and it can also hurt many people.
Back in the year of 2007 in the month of November the Greek stock market took a drastic fall of 85 percent. The United States was able to pull themselves back up on their feet with hard work, and with the help of people who knew the stock market, and how it works. When the Greece stock market dropped back in 2007 it also took time, patience and a plan to get back on their feet again, just as the United States had to do.
With getting the Greek stock market back into shape this takes a plan by many different people from many different organizations. It is the banks people go to in order to receive loans for homes, education, and businesses. Banks not only deal with regular customers they also deal with banks and other financial organizations from other countries. The Greek stock market had to get back on their feet again in order to show other countries that they were reliable and worth the financial risk.
Sometimes when banks decide to merge this can be good, or it can be bad depending on what direction the banks decide to go. Some banks after they merge will only deal with big corporations, while other banks that merge will do business with everyone. Banks who deal with a variety of people and businesses keep their options open, and in doing so keep the money flowing. When the money stops flowing that is when the economic situation goes downhill.
The Greek stock market is doing very well now. It has realized their losses and they move on in order to get their finances sorted out. The bank in Greece now is doing very well with their trading, working with their shareholders, and keeping the economy floating in a healthy way. It is important that the Greek stock market and banks located there in Greece keep good business contacts with other stock markets and business from other countries.
By doing this the Greek stock market has more options of bringing in more customers, shareholders making it much easier for the Greek stock market to stay high and bring in financial wealth to everyone. After going through the Greek stock market crash there are still changes that are happening, but they are good positive changes that will help the economy of Greece today and in the future.